The Sensex closed at 32,923.12 points, down 0.76%; the Nifty closed at 10,094.25, down 0.99%, below 10,100 for the first time since 6 December. The day’s losses left the Sensex nearly 10% below a record high of 36,443.98 on 29 January. Analysts said investors are nervous due to uncertainty around current political developments, while the local macroeconomic situation is not improving. On Monday, mid-cap and small-cap stocks fell the most, with the BSE Midcap and BSE Smallcap indices losing 1.58% and 1.98%, respectively. Investors will also be watching the outcome of the US Federal Reserve’s monetary policy meeting on Wednesday.

Source: Mint March 19, 2018 19:41 UTC