Amid a surge in oil prices due to the military conflict in the Middle East weighing on investor sentiment, Indian equity markets closed in the red on Monday, dragged by index heavyweights Reliance Industries, HDFC Bank and ICICI Bank. Higher US interest rate concerns also played a part.

Dear Trader – The 30-share BSE benchmark Sensex declined 483 points or 0.73% to settle at 65,512. The broader NSE Nifty dropped 156 points or 0.80% to end at 19,522. From the Sensex pack, Tata Steel and M&M were the top laggards, falling over 2% each. Bajaj Finance, SBI, Asian