Indian equity markets closed lower on Friday, with the BSE Sensex shedding 456 points and the NSE Nifty 50 slipping in tandem.
The decline ended a two-day recovery attempt, as selling pressure in the banking and financial sector combined with elevated crude oil prices to cap investor appetite for risk.
On Monday, the Sensex fell 442 points to close at 77,708, while the Nifty 50 closed below the 24,240 level amid intensifying selling pressure.
The weakness in financials proved decisive, dragging broader indices lower despite earlier attempts to stabilize.
Elevated energy costs continue to act as a headwind for market sentiment, reinforcing concerns about margin pressure and inflationary risks that have plagued the region in recent sessions.
This latest drop follows a volatile week for Indian benchmarks.
On Monday, the Sensex fell 442 points to close at 77,708, while the Nifty 50 closed below the 24,240 level amid intensifying selling pressure.