Indian markets ended lower on Monday, with the Nifty closing below 26,200 and the Sensex dropping 370 points, as sectoral divergences shaped trading activity.
- Oil & Gas stocks led the decline, pressured by profit booking and cautious crude outlook.
- Pharma shares bucked the trend, gaining on renewed investor interest amid strong earnings and global demand prospects.
- Broader market sentiment remained subdued, with investors reacting to geopolitical developments and mixed corporate updates.
Analysts noted that while short-term volatility continues, select sectors like pharma and IT may provide defensive opportunities for investors amid choppy trade.
