Asian Paints, Indian Oil, JK Tyre tumble; oil-sensitive stocks hammered as crude soars above $78 amid US-Iran turmoil

Crude-sensitive stocks were among the worst hit in Monday's trade even as Sensex and Nifty fell nearly 2 percent. Paints and tyre stocks fell sharply on concerns on rising input costs as crude soared. Oil marketing shares were also under pressure for fears of margin squeeze.