Below-expectation quarterly results coupled with negative global cues led to a benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), provisionally closing the day's trade on Monday incurring heavy losses. It closed 556 points or nearly 2 percent down.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed deep in the red. It closed 158 points or 1.83 percent down at 8,448.10 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,525.65 points, closed trade at 27,886.21 points (at 3.30 p.m.), down 555.89 points or 1.95 percent from the previous day's close at 28,442.10 points.
The Sensex touched a high of 28,539.46 points and a low of 27,802.37 points in the intra-day trade.