Provisional: Markets end 2% down, rate hike weighs

Nifty loses 122 points to close at 5,890 as financials weigh

Benchmark share indices extended losses to end nearly 2% down on Monday dragged by financials after the central bank at its mid-quarter policy review on Friday surprisingly hiked repo rate by 25 basis points.

The 30-share Sensex ended down 381 points or 1.9% at 19,883 and the 50-share Nifty ended down 122 points or 2% at 5,890.