The benchmark equity indices Sensex and Nifty traded lower on Monday after giving up early gains, as investors booked profits after a sharp rally over the previous seven sessions.
At around 10:45 am, the Sensex was down 402.01 points or 0.5 percent at 80,597.39, while the broader Nifty declined to 24,844.60, down 141.80 points or 0.57 percent.
The Sensex had surged 340.01 points or 0.41 percent to 81,339.41 in early trade before reversing gains. The Nifty also climbed 97.65 points or 0.39 per cent to 25,084.05 before slipping into negative territory.
The broader markets also remained subdued, with the Nifty Smallcap 100 and Nifty Midcap 100 declining 0.11 percent and 0.12 percent, respectively.
1) Profit booking: Profit booking at higher levels emerged as a key factor behind the market decline, with investors booking gains after the recent sharp rally.