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Indian markets closed in the red for the fifth straight session on Monday as concerns about credit quality of non-banking financial companies (NBFCs), which had spooked Dalal Street last Friday, continued to rattle investors.
Global cues also remained weak as the trade tensions between the US and China escalated further. The benchmark Sensex fell 537 points or 1.46 per cent to close at 36,305, while the broader Nifty closed 175 points or 1.6 per cent lower at 10,967.
Foreign portfolio investors (FPIs) sold shares worth Rs 5.2 billion while domestic institutions purchased shares worth ~15.2 billion on Monday.
The sell-off
