Stock markets slump amid weak global cues, surging oil prices; Sensex tanks 719 points

By Daily Excelsior – MUMBAI, Jun 8 : Benchmark indices Sensex and Nifty slumped on Monday, tracking a sharp decline in global equities and a fresh spike in crude oil prices, amid flaring tensions in West Asia. Extending losses for the second straight session, the 30-share BSE Sensex tumbled 719.08 points, or 0.97 per cent, to settle at 73,524.26. During the day, it dived 924.4 points, or 1.24 per cent, to 73,318.94. The 50-share NSE Nifty settled 243.70 points, or 1.04 per cent, lower at 23,123. In intra-day trade, the benchmark lost 296.55 points, or 1.26 per cent, to 23,070.15….