Sensex snaps 11-day winning streak; falls 242 pts; Nifty below 20,150; PSU bank, defence stocks soar

Benchmark indices eased from record highs on Monday, with the Sensex ending a 11-session winning streak, as investors remained cautious ahead of the U.S. Federal Reserve’s interest rate decision. Nifty50 fell 0.3% to 20,133.3 points, while the S&P BSE Sensex slipped 0.4% to 67,596.8 points. Both benchmarks had gained nearly 2% each last week and closed at record highs. Public sector banks, meanwhile, rose for the fourth straight day, climbing 3.4% to a fresh record high, although broader banking stocks slipped 0.5%.