Sectoral losers of the day on NSE
Exit polls, which came on Friday, predicted a tight finish between the Bharatiya Janata Party (BJP) and the Congress in Madhya Pradesh and Chhattisgarh and a win for the opposition party in Rajasthan. READ MORE HERE
The rupee traded on a weak note slipping to 71.44 against the US dollar in intra-day trade on Monday, down from its previous close of 70.82.
Losses in global stock markets snowballed on Monday, with US equity futures and Asian shares sliding on worries over slowing growth and fears that a rise in tensions between Washington and Beijing could torpedo chances of a trade deal.
Brent crude oil rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January.
International Brent crude oil futures were at $62.02 per barrel, up 35 cents, or 0.6 per cent, from their last close. US West Texas Intermediate (WTI) crude futures were weaker, however, dropping 12 cents from their last settlement to $52.59 per barrel, weighed by surging US output as the booming American oil industry is not taking part in the announced cuts.