Sensex Slides 703 Points, Nifty Ends Below 23,850 as Oil Tops $100 After U.S.-Iran Talks Fail

Indian equities slipped on Monday, with the Sensex dropping 702.68 points, or 0.91%, to close at 76,847.57. The Nifty 50 retreated 207.95 points, or 0.86%, finishing at 23,842.65. Losses had been deeper earlier in the session, as both indexes briefly fell around 2.1%, after U.S.-Iran discussions broke down over the weekend and crude surged past $100 a barrel.