Markets ended lower with Nifty50 slipping below the crucial 8,500 mark as profit booking emerged after benchmark indices hit fresh 2016 highs.
Earlier, markets had surged on hopes of GST Bill getting passed this week while sustained buying by foreign funds and progress of the monsoon further aided sentiment.
Quarterly earnings from blue-chips such as Wipro and HDFC Bank, progress of rains and proceedings of the monsoon session of Parliament will be the key themes for the stock market this week, say experts.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.