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Concerns of FIIs pulling out in the near term saw the Nifty and the Sensex decline by over 1.4 per cent at the closing session on Monday
The 30-share BSE index Sensex was down 304.59 points or 1.48 per cent at 20,209.26 and the 50-share NSE index Nifty was down 87.7 points or 1.44 per cent at 6,001.80.
Barring healthcare, all other BSE sectoral indices ended in the red. Among them, metal and realty indices fell the most by 3.06 per cent and 2.09 per cent, respectively, followed by auto 1.88 per cent and TECk 1.69 per cent. On the other hand, healthcare index was up 1.1 per cent.
GAIL, Dr Reddy's, Sun Pharma, Cipla and Axis Bank were the top five Sensex gainers, while the top five losers were Hindalco, Tata Steel, Tata Motors, Bajaj Auto and BHEL.
European stocks declined, following their worst start to a year since 2010, as Lloyds Banking Group Plc dragged a gauge of banks lower.
Asian stocks were down, with the regional benchmark gauge extending its steepest monthly decline since May, after a slowdown in Chinese manufacturing growth added to concern that the global economic recovery is faltering.
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