New Delhi: Indian stock markets closed in the red on Monday. Stock market benchmarks Sensex and Nifty closed lower on sharp declines in major stocks like Reliance Industries, Eternal and ICICI Bank amid uncertainties related to global tariffs.
Besides, the weakness of the rupee and the continuous outflow of foreign capital from Indian equities are also worrying investors, traders said. The rupee crossed the 91-per-dollar mark for the second time in a month but finally fell 14 paise to close at 90.92 (provisional) against the dollar.
The 30-share BSE Sensex closed 324.17 points, or 0.39 per cent, down at 83,246.18. During the day, it fell 672.04 points or 0.80 percent to close at 82,898.31. The 50-share NSE Nifty fell 108.85 points or 0.42 percent to close at 25,585.50.