Stock market highlights: After extending losses in the afternoon trade on Monday, the Sensex and Nifty made a mild recovery in the last hour trade. The Sensex closed 355.70 points down at 37,808.91, while the Nifty closed near the 11,350-mark. Vedanta shares closed 3.2% lower at Rs 168.35, while Tata Motors shares ended 2.3% down at Rs 171.35. Jet Airways share price closed 12.7% higher at Rs 254.50, after the firm confirmed that Naresh Goyal has stepped down from the board from the airline.
The US market ended sharply lower on Friday, after the 3-month yield topped 10-year rate resulting in inversion of yeild curve. This is an important indicator of recession. The Asian markets followed suit, with all major indices trading more than 1 per cent down, with Nikkei leading losses. We bring to you LIVE updates.