Sensex and Nifty extended losses on Monday afternoon, amid weak global and domestic cues, as a sell- off in US equities, and exit polls weigh on the overall investor sentiment. The 30-share Sensex plunged 713.53 pts to end the session at 34,959.72, while the Nifty 50 closed below the 10,500-level. Kotak Mahindra Bank share price plunged 7% after the firm filed writ petition in Bombay HC against RBI decision on preference shares of the bank.
Wall Street stocks closed sharply lower on Friday, as a weaker than expected jobs report and US China trade tensions weigh. Oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January. International Brent crude oil futures were at $62.15 per barrel at 0129 GMT, up 48 cents, or 0.8 percent, from their last close, Reuters reported. We take a look at live updates.