The market started off on a positive note, drifted down into negative territory around mid morning, and then, after moving in a tight range till around mid afternoon, declined sharply and ended the session with notable losses on Monday.
Besides weak global markets, profit taking and caution ahead of the reporting season contributed to the market's decline.
The BSE benchmark Sensex, which tumbled to 19,654.46, losing more than 200 points from the day's high, ended the session with a loss of 92.66 points or 0.47% at 19,691.42. The broader 50-stock Nifty indrx of the National Stock Exchange closed at 5988.40, down 27.75 points or 0.46% from its previous closing mark.
Capital goods stocks ended on a weak note. FMCG, consumer durables, realty and bank stocks too mostly closed lower. Power stocks ended on a mixed note. Information technology and oil stocks ended off their highs. Metal stocks had a good outing. A few stocks from healthcare and automobile sectors too saw some hectic buying during the session.