Continuing its downtrend for the third day running, the 30-share BSE
From the Sensex basket, IndusInd Bank, Infosys, Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, NTPC, Tata Consultancy Services, and ICICI Bank were the major laggards.
Titan Company, Mahindra & Mahindra, Nestle, and Maruti were among the gainers.
In Asian
Wall Street ended in negative territory on Monday.
"Market sentiment was impacted by higher-than-expected inflation data and tensions between Iran and Israel," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Global oil benchmark Brent crude climbed 0.58 per cent to USD 90.62 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,268 crore on Monday, according to exchange data.
The market is more concerned about the geopolitical issue, said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
"Israel's military chief's statement that "there will be a response to Iran's attack on Israel" has increased the probability of escalation of tensions in the Middle East. We don't know the timing and the nature of the Israeli response, which can be totally unexpected. This is likely to keep the markets weak in the near-term," Vijayakumar added.
The BSE benchmark tanked 845.12 points or 1.14 per cent to settle at 73,399.78 on Monday. The NSE Nifty declined 246.90 points or 1.10 per cent to finish at 22,272.50.