Indian equities ended lower on Monday after surrendering early gains, as rising bond yields, sustained foreign institutional investor (FII) outflows and global uncertainties weighed on sentiment.
The Nifty 50 declined 157 points, or 0.70%, to close at 22,363. On the technical front, the Nifty has immediate support at 22,300. A breach of this level could pull the index towards 22,100 or lower, while resistance is seen at 22,420 and 22,650, according to Rupak De, senior technical analyst at LKP Securities.
