SBI was the biggest loser in the Sensex pack, falling 2.83 per cent (File)
Mumbai:
Equity benchmark Sensex on Monday declined nearly 251 points due to heavy selling in IT and bank stocks amid a mixed trend overseas.
Traders said weakness in the rupee further weighed on sentiment.
Sliding for the second straight session, the 30-share BSE Sensex declined 250.86 points, or 0.41 per cent, to close at 60,431.84. The index touched a high of 60,740.95 and a low of 60,245.05 during the session.
Similarly, the broader NSE Nifty closed 85.60 points, or 0.48 per cent, lower at 17,770.90.
SBI was the top loser in the Sensex pack, shedding up to 2.83 per cent, followed by Infosys, TCS, Bajaj Finance, Tech Mahindra, Wipro and Axis Bank.
In contrast, Titan, L&T, NTPC, Power Grid, Sun Pharma, ITC and HDFC Twins were among the major winners, rising up to 1.97 per cent.
In the broader market, the BSE Midcap and Smallcap indices fell up to 1.25 per cent each.
Elsewhere in Asia, markets in Tokyo, Hong Kong and Seoul closed in the red, while Shanghai ended higher.
Equity exchanges in Europe were trading with gains in the afternoon session. US markets closed in positive territory on Friday.
On Monday, the rupee declined by 15 paise to close at 82.73 (provisional) against the US dollar.
International oil benchmark Brent crude was trading 1.34 per cent lower at $85.23 per barrel.
Foreign institutional investors (FIIs) turned buyers in the capital market on Friday by buying shares worth a net Rs 1,458.02 crore, according to exchange data.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
featured video of the day
Reserve Bank of India proposes to allow all incoming travelers to use UPI for merchant payments in India