The Indian equity dipped over 4 per cent on Monday, tracking weak global cues after the latest flare up in US-China tensions. Further, yet another extension of the nation-wide lockdown also weighed on investor sentiment. Volatility index, India VIX, made an aggressive come-back after recent cool-off and surged 24 per cent.

The S&P BSE Sensex tumbled 1,569 points to 32,150 levels and the Nifty50 index hovered around 9,430 levels. Among individual stocks, fell as much as 4 per cent after reporting the March quarter results.

Shares of Reliance Industries (RIL) dipped 3 per cent to Rs 1,420 on the BSE after the company reported a 33.5 per cent decline in its consolidated profit before tax (PBT) at Rs 9,223 crore for the quarter ended March 2020 (Q4FY20). READ MORE

Tata Steel and ICICI Bank (down 8 per cent each) were the top losers in the Sensex pack.

Shares of banks, metals, and automobile companies were the worst-hit. All the Nifty sectoral indices were in the red, led by Nifty Bank index, down over 6 per cent.


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