Indian equity indices slipped in early trade on Monday, reversing from recent highs amid negative cues from US markets and banking stock sell-offs. The BSE Sensex dropped by 204.64 points to 73,914.75, led by profit-taking after a record-breaking rally. Major laggards included Tata Steel, Kotak Mahindra Bank, and Tech Mahindra. However, Bajaj Finserv and UltraTech Cement were among the gainers. Asian markets were mixed, with Seoul and Tokyo down while Hong Kong and Shanghai traded higher. Brent crude declined to USD 81.52 a barrel. Despite market optimism, concerns persist over regulatory actions in the small-cap space, urging investors to remain cautious, noted V K Vijayakumar of Geojit Financial Services.
Indian Stock Market Declines on Weak Global Cues and Banking Sector Selling
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