Indian benchmark equity indices fell sharply on Monday, with the Sensex dropping over 1,200 points and the Nifty slipping below the 25,900 mark, amid mixed cues from regional markets. The decline was led by index heavyweights Reliance Industries, IT, and financial stocks.The market capitalisation of all listed companies on the BSE fell by Rs 3.96 lakh crore to Rs 473.97 lakh crore.Reliance Industries, ICICI Bank, HDFC Bank, and Axis Bank together dragged the Sensex down by 535 points. Bharti Airtel, M&M, SBI, TCS, Infosys, and Tata Motors also contributed to the decline.On the sectoral front, Nifty Bank, Auto, Financial Services, IT, Media, Realty, Healthcare, and Oil & Gas fell by up to 1.6%. Meanwhile, the fear gauge India VIX jumped 6.3% to 12.7.However, Nifty Metal gained 1.5%, extending its winning streak after China’s announcement of measures to boost its slowing economy. NMDC, Hindalco, and SAIL were the top gainers in the index.Here are key factors that led to today’s…
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