As per stock brokers, the fall in the market was triggered on account of profit-booking at record levels by participants and a weak trend at other Asian markets amid rising concerns about Donald Trump’s economic agenda as he struggles to pass key health care legislation. Stocks led by FMCG, consumer durables, oil & gas and realty were major losers that dragged both the key indices down from their record highs.
ITC stocks suffered the most by falling over 13 per cent after the GST Council Monday hiked cess on cigarettes. However, gains in Bharti Airtel, TCS, Cipla, HUL, Infosys and Sun Pharma cushioned the fall. Foreign portfolio investors bought shares worth a net of Rs328.61 crore Monday, provisional data showed.