Five key factors that dragged the stock market lower on Monday

A sharp jump in coronavirus (Covid-19) cases in India weighed on investor sentiment.

Frontline Indian benchmarks - the S&P BSE Sensex and the Nifty50 - lost ground in trade on Monday, amid a broad-based selling. The fall is in line with their Asian peers, which also traded with deep cuts. Volatility index, India VIX, jumped around 9 per cent to 33.55 levels, indicating increased volatility.

The S&P BSE Sensex ended 552 points or 1.63 per cent lower, while NSE's Nifty50 lost 159 points or 1.6 per cent to settle at 9,814.

The broader market, however, fared better. For instance, the S&P BSE Midcap index was down over 1 per cent whereas the S&P BSE