The Sen Times

Sensex dives 1,045 pts amid sharp spike in oil prices, fears of further monetary tightening

Mumbai, Oct 8 (PTI) Benchmark stock index Sensex tanked 1,045 points while Nifty slid to near 22,230 level on Thursday following heavy selling in rate-sensitive, commodities and FMCG shares amid a sharp spike in crude oil prices and growing prospect of tighter domestic and global monetary conditions. Falling for the second day running, the 30-share BSE Sensex tumbled 1,045.46 points, or 1.44 per cent, to settle at 71,593.24. During the day, it slumped 1,310.95 points, or 1.80 per cent, to 71,327.75. The 50-share NSE Nifty dropped 371.25 points, or 1.64 per cent, to end at 22,231.80. Nifty hit its 52-week