Sensex falls over 300 points; Nifty down over 100 points
NSE Nifty is down 100 points while BSE Sensex fell over 300 points in mid-day trade on Monday extending last week's 2 per cent decline, as high global oil prices revived concerns about inflation in the country. Â
Investors are booking profits in auto, realty, capital goods and metal stocks on account of high global oil prices.
Banking stocks, led by ICICI Bank and SBI, have fallen too on concerns over pricing pressure that might make it difficult for RBI to ease monetary policy.
Last week, the Indian benchmarks fell for the first time on weekly basis after seven weeks of gains.
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