Markets slide on oil, election uncertainty; HDFC, Bajaj Finance stocks fall

The Sensex fell 346 points or 0.98% to end at 34,813, while the Nifty ended at 10,482, down 103 points

The benchmark indices fell on Monday by nearly a per cent — reversing the gains made last week — as the rise in oil price and election uncertainty weighed on sentiment. Domestic investors were seen booking profits after a 5 per cent rebound in the market, from its eight-month low last month.

The Sensex fell 346 points or 0.98 per cent to end at 34,813, while the Nifty ended at 10,482, down 103 points, or 0.97 per cent. The India Vix index, a gauge for market volatility, shot up 9 per cent to 19.4.

Domestic institutional investors (DIIs) were net sellers to