As oil prices continue to rise, stock markets across the world are finding it difficult to find any support. The recent fall in Indian market has been very quick. Market experts were expecting technical bounce, but the markets lost further ground.

On Monday, Stock markets opened lower and BSE benchmark Sensex dropped below 15,000. Real Estate, Banking and Metal stocks were among worst hit. Real estate major DLF touched its lifetime low in today’s trading session. At 1.30 pm, BSE Sensex was down by 519 points at 15,053.

ITC, RCom, Reliance Industries, L&T and ONGC were among major losers. Tata Motors, Tata Steel and TCS were trading lower compared to Friday’s close. ICICI Bank, HDFC Bank, HDFC and SBI were trading much lower compared to earlier close.

Ranbaxy Labs was the only stock among heavyweights trading in positive zone. Technology stocks were trading marginally lower.

Global markets are also weak due to slowdown in economic growth and higher oil prices. US unemployment data hit investor sentiment and Dow Jones closed lower last week.