Indian markets on Monday fell 1.3%, its steepest fall of 2019, as a rise in global crude oil prices heightened concern about domestic inflationary pressure and fiscal slippages.
The Sensex fell 495.10 points, or 1.26%, to 38,645.18, while the 50-share index Nifty declined 1.35% to 11,594.45 points.
Oil prices rose to the highest in almost six months as the US government is expected to terminate sanctions waivers that allowed buyers to import Iranian crude. Brent crude prices hovered near a six-month high of $74.31 per barrel.
