Indian equity benchmarks ended lower on Monday, breaking a brief period of positive momentum.
The BSE Sensex declined 372 points to close at 76,728, while the Nifty 50 also retreated as broad-based selling pressure emerged across key sectors.
The downturn was primarily driven by weakness in heavyweight constituents and the banking sector, which dragged down overall market sentiment.
Investors appeared cautious as the two-day winning streak came to an abrupt halt, signaling potential resistance at current levels.
Market strategists are closely monitoring these technical levels.
Raja Venkatraman, a market expert, has outlined a technical outlook and trade strategy for the session, highlighting specific stocks that may offer opportunities amidst the volatility.