MARKET LIVE: Sensex crashes 500 pts, Nifty below 12,100 on US-Iran tensions

Benchmark indices were trading around a per cent lower on Monday due to selling across the board on concerns over the flare-up in US-Iran tensions and the subsequent impact on the equity markets.

The S&P BSE Sensex crashed 500 points, or 1.1 per cent, at 41,000 levels. PowerGrid (down 2%), State Bank of India, Maruti Suzuki, Asian Paints (all down 2%) were the top laggards in the Sensex pack. On the other hand, Titan, HCL Tech, and TCS (all up 1%) were the top gainers.

The broader Nifty50 index slumped 153 points, or 1.25 per cent, at 12,070 levels.

All the Nifty sectoral indices except Nifty IT index were trading in the red. Nifty PSU Bank index, down 2 per cent, bled the most, followed by Nifty Auto, down 1.4 per cent.

In the broader market, the S&P BSE MidCap index crashed 196 points, or 1.3 per cent, and the S&P BSE SmallCap index was down 120 points, or 0.85 per cent.