A benchmark index of Indian equities on Monday closed 86 points lower, failing to keep up with a brief recovery late afternoon.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,847.7 points, ended at 16,773.17 points (provisional), down 86.51 points or 0.51 percent from its previous close at 16,859.68 points.
RIL, M&M and Infosys were among the key stocks that added to the Sensex's drag.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty closed at 5,001.55 points, against the previous close at 5,036 points, a loss of 0.68 percent.
Broader markets were also hit by selling pressure, with the BSE midcap index closing 1.51 percent lower and the BSE small cap index ending 1.17 percent down.