Markets Tumble in Early Trade Amid Tensions in Middle East

Mumbai: Benchmark equity indices tumbled in early trade on Monday as escalating tensions in Middle East triggered a risk-off in the market.

Market analysts said investors preferred to remain on the sidelines and refrained from taking big risks as the Israel-Hamas conflict has introduced a huge uncertainty for the markets The 30-share BSE Sensex plunged 407.19 points or 0.62 per cent to 65,588.44 points in early trade. The Nifty declined 142.70 points or 0.72 per cent to 19,510.80 points.

State Bank of India, Tata Steel, Titan, IndusInd Bank and Asian Paints were among the major laggards.