Sensex falls 788 pts amid US-Iran tensions, Nifty ends below 12,000-mark

Rupee breaches 72 against dollar in intra-day trade; gold rises to 6-yr high; Brent crude near $70/barrel

Domestic equities slumped on Monday and posted their biggest fall in four months as investors dumped stocks amid worries about the impact of escalating US–Iran tensions on crude oil prices and its implications for the rupee and fiscal deficit.

The Sensex and Nifty plunged more than 1.9 per cent each — the highest since September 3, 2019. 

The Sensex tumbled 788 points to end at 40,677 while the Nifty closed at 11,996, down 231 points.

The killing of a top Iranian military commander in Iraq last week has raised the risk of military confrontation in West Asia. Iran on Sunday announced its decision