Benchmark equity indices closed in the red on Monday following volatile trade due to extended foreign investor selling and higher oil prices. Mixed global cues forced indices to reverse earlier gains of the day. Banking and financial stocks were a drag so much so that better-than-expected earnings from HDFC Bank were offset. The BSE Sensex index ended 168 points or 0.28% lower at 60,093, while Nifty50 fell 62 points or 0.34% to settle at 17,895.
