Sensex, Nifty close in red despite IT boost; global factors weigh heavy

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Key Points

The S&P BSE Sensex lost 638.45 points to end at 81,050, while the NSE Nifty50 was down 218.85 points to close at 24,795.75.. ...

Benchmark stock market indices erased early gains to end in red on Monday as financials dragged the uptick provided by a surge in IT stocks...

The Nifty Midcap100 index experienced a substantial decline of 2.01%, while the Nifty Smallcap100 index faced an even steeper setback, dropping by 2.75%, suggesting that smaller companies are grappling with more severe market challenges...

The financial services sector saw considerable pressure, with Nifty Financial Services declining by 1.70%, Nifty Financial Services 25/50 decreasing by 1.67%, Nifty Private Bank falling 1.82%, and Nifty Bank retreating by 1.91%...

The healthcare sector also struggled, with Nifty Healthcare Index down 0.50% and Nifty Midsmall Healthcare declining 1.07%...