Indian equity benchmarks fell on Monday amid declines in banking heavyweights and nervousness ahead of a data-heavy week that will release inflation data from both the US and India.
The Sensex ended the session on Monday at 73,503, a decline of 617 points or 0.8 per cent. The Nifty fell 161 points or 0.7 per cent to end at 22,333.
This was the biggest single-day fall for both the indices since February 28.
The Nifty Smallcap 100 continued to underperform, dropping 2 per cent, while the Nifty Midcap 100 fell 0.4 per cent.
HDFC Bank, which fell 1.3 per cent, was the biggest contributor to the Sensex decline. The lender's stocks declined after some analysts recently downgraded its target price, citing medium-term risks and a gradual recovery in net interest margins (NIMS).
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