At the time of Monday’s closing bell, the markets tanked, owing to the heavy sell-off prompted by Fed Chairman’s comments on inflation on Friday.  

The benchmark indices denied having a cheerful weekend and witnessed a steep fall with Sensex dipping over 1,000 points. Taking cues from losses in global peers, BSE Sensex plunged 1,114 points intraday before settling at 54,303, down by 1,017 points or 1.84 per cent. Meanwhile, Nifty 50 held the 16,200-mark to settle at the 16,202 level, sinking 276 points or 1.68 per cent.