Sensex dips 1,024 pts amid rising oil price, FII selling; Nifty holds 17200

FIIs' favorite names and heavyweights like HDFC twins, ICICI Bank, Infosys, Kotak Bank, and Reliance Industries saw sharp cuts

CLOSING BELL

A triple whammy of rising crude oil prices, sell-off by FIIs, and fears of liquidity taps running dry amid monetary policy tightening, hit benchmark indices on Monday. READ REASONS FOR MARKET FALL HERE

The frontline S&P BSE Sensex gyrated 1,346 points intra-day and ended 1,024 points, or 1.75 per cent, lower at 57,621. On the NSE, the Nifty50 breached below the 17,150-mark intra-day but settled at 17,214, down 303 points or 1.73 per cent.

L&T, down 3.6 per cent, was the top laggard on the Sensex index, followed by HDFC Bank, Bajaj Finance, HDFC,