Markets reverse early gains; Sensex drops 548 points, Nifty slips below 22,400
What Happened
Indian equity markets erased opening gains and ended in the red on Monday. The Sensex fell 547.65 points (0.76%) to 71,924.68, while the Nifty 50 declined 157.10 points (0.70%) to 22,363.35. Selling pressure in FMCG, IT and banking stocks weighed on sentiment.
Key Takeaways
Investor sentiment remained weak due to persistent foreign fund outflows, elevated bond yields and global geopolitical concerns. While benchmark indices fell sharply, broader markets remained resilient, with small-cap stocks ending higher.