Indian equity benchmarks retreated on Monday as rising crude oil prices, driven by renewed hostilities between the US and Iran, weighed heavily on market sentiment.
Investors booked profits across the board, pushing the broader market into negative territory.
The BSE Sensex declined 372.10 points, or 0.48%, to settle at 76,728.37.
The Nifty 50 mirrored the weakness, dropping 109.75 points, or 0.46%, to close at 23,946.25.
The sell-off reflects growing concerns over energy cost inflation and geopolitical risk premium repricing in emerging markets.
Despite the broad-based decline, Bajaj Auto shares defied the trend, climbing as much as 2.52% to ₹2,649 on the National Stock Exchange.