Indian equity markets reversed their recent gains on Monday, with the benchmark Sensex and Nifty 50 closing lower as investors booked profits amid rising crude oil prices.
The downturn was triggered by fresh military strikes in the Middle East, which heightened concerns over energy supply disruptions and pushed oil prices higher.
The BSE Sensex fell 372 points, or 0.48%, to close at 76,728.37.
The NSE Nifty 50 also retreated, settling at 23,946.2, ending below the 23,950 level.
The decline marked a reversal of a two-day winning streak for the frontline indices.
Large-cap stocks faced significant selling pressure, with Reliance Industries and Kotak Mahindra Bank among the top drags on the market.