Markets Open Week in the Red

Indian stock markets, which ended the previous week with strong gains, began the new trading week on a weak note. Negative global cues and selling pressure in major banking stocks such as HDFC Bank and Axis Bank weighed heavily on market sentiment, leading to significant losses on Monday.

At the close of trading, the BSE Sensex fell 442.93 points (0.57%) to settle at 77,708.52, while the NSE Nifty 50 declined 95.80 points (0.39%) to end the session at 24,238.50. Investors remained cautious amid global uncertainties and weakness in the banking sector.