The stock market came under heavy selling pressure in the last hour of the session on Monday, with the benchmark indices sliding over 2 per cent. Volatility index, India VIX, zoomed 13 per cent to 22.6 levels, indicating heightened volatility in the market. The S&P BSE Sensex fell 812 points by close to 38,034 levels while the NSE's Nifty slipped below the crucial 11,300-mark, down 254 points, or around 2.2 per cent, to end the session at 11,251 levels.
So, what dragged the markets lower on Monday?
Weak global cues: The fall in Indian frontline indices was in