Indian equity indices closed in the deep red on Monday, following profit booking at a higher level.
At closing, Sensex fell 1,272 points, or 1.49 per cent, to 84,299 and Nifty fell 368 points, or 1.41 per cent, to 25,810.
The decline was led by banking stocks. Nifty Bank closed at 52,978, down 856 points or 1.59 per cent.
Due to the sharp fall, the market cap of all the listed companies listed on the Bombay Stock Exchange (BSE) fell by about Rs 4 lakh crore to Rs 474 lakh crore.
In the Sensex pack, JSW Steel, NTPC, Tata Steel, Titan, and Asian Paints were the top gainers. Reliance, Axis Bank, ICICI Bank, Nestle, Tech Mahindra, M&M, Maruti Suzuki, Bajaj Finserv, Tata Motors, SBI, Infosys, and Sun Pharma were the top losers.