The Indian stock market may see some downtrend on Monday after GIFT Nifty tumbled more than 1.5% overnight as strong US jobs data triggered a sharp stock market crash in the US, pushing bond yields higher.
GIFT Nifty dropped 356 points, or 1.52%, to 23,091, signalling a bearish beginning for Dalal Street on Monday to extend sharp losses from last week. Sensex had closed 117 points lower at 74,243, and Nifty 50 fell 50 points to end the session at 23,367 on Friday.
