Markets fall 2.4% in five sessions

Benchmark indices down 1% amid weak domestic and global cues, broader markets underperform

Concerns of economic slowdown continued to weigh on Indian equities, as the benchmark indices closed in losses for a fifth session in a row on Monday. While the benchmark Sensex lost 295 points or 0.93 per cent to close at 31,626, the National Stock Exchange’s Nifty closed at 9,872, 92 points or 0.92 per cent lower. This takes the total fall in the past five sessions to 2.4 per cent.

The current phase of market correction has been triggered by weak cues both on the domestic and global fronts. The Street fears that a possible stimulus plan by the government could