The Indian stock market erased all early gains to close in the red, with Sensex and Nifty dropping around 0.2% each on Monday.
Sensex lost around 172 points to close at 77,369 while Nifty 50 dropped 33 points to end the session at 24,219 on Monday. Broader markets were mixed, with Nifty Smallcap 100 closing 0.3% lower and Nifty Midcap 100 ending marginally higher.