Markets slump on heightened tensions in Middle East; Sensex drops 500 pts

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MUMBAI: Stock market benchmark indices Sensex and Nifty tumbled on Monday, as intensifying tensions in the Middle East after the US bombed three major nuclear sites in Iran unnerved investors.

After losing over 900 points in day trade, the 30-share index recovered some lost ground to close with a loss of 511.38 points or 0.62 per cent at 81,896.79.

During the day, it tumbled 931.41 points or 1.13 per cent to 81,476.76.

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