Indian stock markets ended lower on Monday as weak global cues and losses in Asian markets influenced investor sentiment. The benchmark indices struggled throughout the session, with most sectors witnessing a downturn.
At the closing, the BSE Sensex declined by 319.22 points, or 0.41 per cent, settling at 77,186.74. The Nifty dropped 121.10 points, or 0.52 per cent, to close at 23,361.05. The market downturn followed the decision by US President Donald Trump to impose a 25 per cent tariff on imports from Canada and Mexico, along with a 10 per cent duty on Chinese goods.
Among the 50 Nifty stocks, 35 closed lower as the exchange remained under pressure throughout the trading session. Companies such as Larsen & Toubro, Tata Consumer, Hero MotoCorp, Coal India, and Bharat Electronics recorded losses of up to 4.67 per cent.
Despite the overall decline, 13 stocks ended higher, led by Bajaj Finance, Shriram Finance, Mahindra & Mahindra, Wipro, and Bajaj Finserv, which gained up to 5.12 per cent.
Most sectors ended in negative territory. The IT sector rose by 0.39 per cent, while consumer durables gained 0.33 per cent. Metal stocks saw a decline of 3 per cent, while oil & gas stocks dropped 2.80 per cent. FMCG stocks fell by 2.14 per cent, PSU banks declined by 2.02 per cent, and the real estate sector lost 1.20 per cent.
The Nifty Bank index slipped by 0.61 per cent, along with financial services, healthcare, and pharma stocks. Broader markets also faced selling pressure, with the BSE SmallCap index losing 1.85 per cent and the BSE MidCap index declining by 1.29 per cent.
Market volatility increased, with India VIX rising 2.30 per cent to 14.42.
