Indian stocks extend fall to third straight session

The Indian equity benchmarks on Monday plunged heavily, extending their fall to the third straight session amid selling across all sectors. State-run banks, however, surged while riding on the back of strong quarterly results. The benchmark BSE Sensex slumped 1,024 points or 1.75 per cent to close at 57,621, while the broader NSE Nifty dropped 303 points or 1.73 per cent to settle at 17,214. Mid- and small-cap shares finished in the negative zone as Nifty Midcap 100 index fell 1.03 per cent and small-cap shares moved 1.34 per cent lower. "At the current juncture, sentiments are weak and it may further drag Sensex. Investors should avoid taking any fresh positions for the time being till the market sentiments stabilize. Banking, auto, EV, Pharma and IT sectors look attractive and may show a good bounce from lower levels," said Ravi Singh, Head of Research and Vice President, Share India.

— NDTV Online