The benchmark indices continued to face selling pressure at higher levels, with analysts indicating that the India-US new interim deal is unlikely to be finalised before the August 1 deadline. On Sunday, the US administration indicated that the August 1 deadline wouldn't be extended further.
The Indian stock market started the week on a negative note as both benchmark indices opened in the red on Monday, reflecting weak global cues and investor caution ahead of the August 1 tariff deadline.