Monday, 21 December 2015

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The S&P BSE Sensex plunged over 100 points in morning trade on Monday, led by losses in Sun Pharma, Infosys, RIL, TCS, HUL, and Wipro. The Nifty50 was trading around its crucial psychological support level of 7750, weighed down by losses in IT, and pharma stocks.Shares of Sun Pharma cracked over 7 per cent in trade after the US drug regulator issued a warning letter to the company's Halol facility. SPARC, the pharma giant's listed subsidiary, also fell by over 5 per cent. 

Asian share markets advanced on Monday after a lackluster start, defying a dive on Wall Street, and the price of Brent crude threatened to plumb lows last seen in 2004 on renewed worries over a global oil glut.

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