Weak global cues and US Fed policy review concerns drive markets lower
According to experts, the market is cautiously awaiting the arrival of the monsoon in India and the outcome of the US Fed policy in June.
The market is worried that if the US Fed raises borrowing costs, emerging market pay see a decline in investments.
On Monday, weak global cues and selling in pharma, oil, technology and select banking stocks mainly led to the market decline.
Adani Ports, HUL, Bharti Airtel and ICICI Bank were some of the gainers on Monday while HDFC, TCS, Lupin, ONGC, L&T, Bajaj Auto and Tata Steel saw a decline.
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