Equity markets ended lower on Monday for the second consecutive session with selling pressure across the board.
The S&P BSE Sensex closed 151 points lower at 36,395. The Nifty 50 closed 55 points down at 10,888.
Mahindra & Mahindra Ltd slumped over 5 per cent after posting disappointing quarterly results.
Reliance Industries was also a top drag on the National Stock Exchange (NSE) and closed 1.8 per cent lower.
Market experts said the selling pressure was witnessed across the board.
Meanwhile, Asian stock markets closed mixed as investors awaited the outcome of a fresh round of trade talks between the United States and China in Beijing.
Deputy Trade Representative Jeffrey Gerrish is leading the US delegation for working-level discussions in efforts to reach a deal before March 1.
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