Despite a generally favorable trend in global markets, the Sensex began on a bumpy note on Monday and fell more than 100 points, mirroring losses in index giants Infosys, HDFC Bank, and Kotak Bank.

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The 30-share index began higher but quickly lost ground, closing 114.93 points, or 0.19 percent, down at 60,706.69 in early trade. Likewise, the Nifty fell 58.55 points, or 0.32 percent, to 18,056.35.

Asian Paints was the Sensex pack’s biggest loss, falling roughly 3%, followed by IndusInd Bank, HCL Tech, Bharti Airtel, Kotak Bank, and Bajaj Auto.

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ICICI Bank, on the other hand, increased by 8% due to good earnings. Other winners were Axis Bank, M&M, and NTPC.

The 30-share index declined 101.88 points, or 0.17 percent, to 60,821.62, while the wider NSE Nifty slid 63.20 points, or 0.35 percent, to 18,114.90 in the previous session.

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According to exchange statistics, foreign institutional investors (FIIs) were net sellers in the capital market on Friday, offloading shares worth Rs 2,697.70 crore.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, and Seoul were up in mid-session trade, while Tokyo was down.

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Meanwhile, Brent crude, the international oil standard, increased 0.79 percent to USD 85.31 per barrel. Rupee falls 13 paise to 75.03 against US dollar in early trade.