Last week, the Sensex and Nifty topped key levels of 20,000 and 6,000, respectively, on the back of robust FII inflows, rally in the global markets, strong corporate earnings and better-than-expected IIP numbers.
The 30-share Sensex ended at 19,692 down 431 points or 2.14% and the 50-share Nifty ended at 5,980 down by 127 points or 2.08%.
The Sensex and the Nifty reached an intra-day low of 19,670 levels and 5,973 mark, respectively.
Asian markets ended lower in trades on Monday as sentiment was hit by selling pressure in commodities.
While, US labour market data pointed to a steady recovery trend in the world's largest economy.
Hang Seng slipped 331 points to close at 22,989, Shanghai Composite slipped 5 points to close at 2,242, Straits Times ended weaker by 15 points at 3,428 and the Taiwan Weighted lost 32 points to close at 8,248. While, Japan's Nikkei was the only outperformer in Asia, the index closed higher by 175 points to settle at 14,782.
European markets are trading lower with CAC, DAX and FTSE slipping between 0.3-1%.
Back home, after four months, the consumer-price inflation came back to single digit at 9.39% in April against 10.39%
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