PrashantNews
In one of the biggest falls in two months, the stock market on Monday went into tailspin with the benchmark BSE Sensex tanking more than 2500 points on Monday.
From the Sensex pack, Tata Motors, Tata Steel, Reliance and Maruti were the biggest laggards. HUL and a couple of other stocks remained on positive side.
Experts said the market mainly crashed amid worries of a recession in the US where the unemployment rate has jumped sharply in the wake of the weak US jobs data.
Experts said the investors should remain cautious in the current volatility. “Under such weak market conditions, we should remain highly cautious,” said Ashish Bartwal of Sushil Finance.
The market has tumbled soon after the Lok Sabha results which gave 240 seats to BJP falling short of the majority on June 4. The equity investors suffered a massive loss of Rs 31 lakh crore on that day.