New Delhi: Indian share markets on Monday opened in the red and fell a sharp 1,400 points, in line with the global markets.
According to media reports, the rising tensions between Ukraine and Russia have been a major factor for the weak global markets.
In India, the country’s biggest bank fraud of over Rs 22,842 crore, too, has sent ripples across the share market.
Federal Bank, Bank of Baroda, Union Bank, Punjab National Bank, SBI and Canara Bank fell over 4 per cent in early trade.
In Metal stocks, Welspun Corp Ltd and JSW Steel were down over 5 per cent.