A black Monday on D-Street as both Sensex and Nifty breached their crucial support levels on the downside. The SP BSE Sensex gave up 39000 while the Nifty50 broke below 11800 levels Weak global cues, trade war fears, high valuations, rise in crude oil prices, delay in monsoon, and reduction in the flows from foreign investors were some of the factors that weighed on sentiment. The final tally on D-Street – the SP BSE Sensex fell by 491 points to 38,960 while the Nifty closed 151 points down at 11,672. Sectorally, the SP BSE Metal index plunged over 3 percent, followed by the SP BSE Oil Gas index that was down 2.3 percent, the SP BSE Telecom index, which was down 2.1 percent, and the Bankex that dipped 1.2 percent. In the broader market space, the SP BSE Midcap index was down 1.29 percent and the SP BSE Smallcap index plunged 1.35 percent.