Sensex saw a 0.33 per cent decrease, closing at 66,009.15, while Nifty also experienced a drop of 0.34 per cent, ending the day at 19,674.25. In the Nifty companies, there were 20 advances and 30 declines.
The selling spree continues in Indian stock markets for the third straight session after the US central bank while keeping its interest rate steady in the September meeting, hinted that it may again hike rates going ahead if need be, in its fight against inflation.
Going ahead into this week, investors are likely to tread carefully as the U.S. Federal Reserve's meeting scheduled Tuesday-Wednesday, its outcome due likely this midnight, will be closely monitored.
Indian stock indices opened marginally in the red on Monday, with the benchmarks witnessing mild profit booking. Investors may have taken some money off the table after the indices hit their fresh highs last week.
The Sensex closed the day with a gain of 319.63 points, settling at 67838.63. Similarly, the Nifty surged by 89.25 points to reach a closing figure of 20192.35. This bullish trend was further supported by the performance of individual stocks.
Indian stock indices touched fresh highs on Friday, largely due to strong overnight cues from US markets and consistent fund inflows by foreign portfolio investors.
In the Nifty index, 28 companies recorded advances, 21 registered declines, and 1 remained unchanged, reflecting a mixed trading sentiment among investors.