Sensex Nosedives 1,546 Pts; Nifty Tanks Below 17,200

The rupee on Monday slumped by 19 paise to 74.62 (provisional) against the US dollar at close due to high crude oil prices, forex outflows and heavy losses in domestic equities amid growing geo-political worries.

Sensex Nosedives 1,546 Pts; Nifty Tanks Below 17,200

Equity benchmark Sensex on Monday crashed about 1,546 points to sink below the 58,000-level due to across-the-board selloff tracking sluggish global markets.

Besides, persistent foreign capital outflows continued to affect the market sentiment, traders said.