Indian equity benchmarks ended the session in negative territory on Monday as weakness in auto, information technology, and public sector banking stocks weighed on investor sentiment. Renewed geopolitical tensions in West Asia also kept traders cautious, leading to broad-based selling across sectors.
The Sensex declined 372.10 points, or 0.48 per cent, to settle at 76,728.37, while the Nifty fell 109.75 points, or 0.46 per cent, to close at 23,946.25.
Investor sentiment remained subdued amid concerns over escalating tensions in West Asia, prompting market participants to adopt a risk-averse approach. Selling pressure was particularly visible in automobile, IT, and PSU banking stocks, which dragged the benchmark indices lower.
Among the major laggards in the Nifty index were Mahindra & Mahindra and Tata Motors Passenger Vehicles, which witnessed significant declines during the session.
The broader markets also ended in the red, reflecting cautious sentiment across segments. The Nifty MidCap index slipped 0.37 per cent, while the Nifty SmallCap index declined 0.62 per cent.
On the sectoral front, pharmaceutical stocks emerged as the top performers, with the Nifty Pharma index posting the strongest gains. The Nifty Metal and Nifty Healthcare indices also outperformed the broader market, supported by selective buying interest.
In contrast, the Nifty Auto, Nifty Chemical, and Nifty Oil and Gas indices remained under pressure and ended as the worst-performing sectors of the day.
-IANS
