Indian stock markets finished lower on Monday with the headline indices Sensex and Nifty closing in red for the fifth straight day following the global sell-off in equity markets. BSE Sensex fell as much 309.59 points or 0.88% to end at 34,757.16 and NSE Nifty washed off 94.05 points or 0.87% to settle at 10,666.55. During the day, the S&P BSE Sensex plunged 545.95 points to hit a day’s low of 34,520.8 whereas NSE Nifty plummeted 173.8 points to hit a day’s low of 10,586.8. Investors sentiments seemed to have jolted down by uncertainties over US job market, the introduction of a tax on LTCG on equity over Rs 1 lakh in India which has led to a sell-off in domestic equities. The market activity was also subdued ahead of RBI’s repo rate decision due on 7 February 2018.

Indian stock markets finished lower on Monday with the headline indices Sensex and Nifty closing in red for the fifth straight day following the global sell-off in equity markets. BSE Sensex fell as much 309.59 points or 0.88% to end at 34,757.16 and NSE Nifty washed off 94.05 points or 0.87% to settle at 10,666.55. During the day, the S&P BSE Sensex plunged 545.95 points to hit a day’s low of 34,520.8 whereas NSE Nifty plummeted 173.8 points to hit a day’s low of 10,586.8. Investors sentiments seemed to have jolted down by uncertainties over US job market, the introduction of a tax on LTCG on equity over Rs 1 lakh in India which has led to a sell-off in domestic equities. The market activity was also subdued ahead of RBI’s repo rate decision due on 7 February 2018.