Mumbai June 25 (IANS) Weak global cues pulled the key Indian equity indices lower on Monday with the benchmark BSE Sensex falling over 200 points.
Heavy selling pressure was witnessed in the auto banking and capital goods stocks.
Globally stock markets slumped due to the escalating trade war concerns.
In the domestic market the wider Nifty50 of the National Stock Exchange (NSE) closed at 10 762.45 points down 59.40 points or 0.55 per cent from the previous close of 10 821.85 points.
Similarly the barometer 30-scrip Sensex of the BSE which had opened at 35 783.75 points closed at 35 470.35 points -- down 219.25 points or 0.61 per cent -- from its previous session s close of 35 689.60 points.
The Sensex touched an intra-day high of 35 806.97 and a low of 35 430.11 points.
In the broader markets the S&P BSE mid-cap declined by 0.80 per cent and the S&P BSE small-cap ended 0.89 per cent lower from its previous close. The BSE market breadth was bearish with 1 775 declines and 819 advances so far.
"Markets corrected on Monday after witnessing a rally last Friday. The weakness came on the back of weak global cues as trade tensions continued between US and China " said Deepak Jasani Head of Retail Research at HDFC Securities.
Abhijeet Dey Senior Fund Manager for Equities at BNP Paribas Mutual Fund said: "Sentiment across Asia was negative after the US Treasury department announced its decision to scrutinise Chinese investments in sensitive US industries concerned with economic and national security."
Major Asian markets closed on a negative note and the European indices like FTSE 100 CAC 40 and DAX traded in the red Jasani said.
On the currency front the Indian rupee weakened by 29 paise against the US dollar to 68.13 from its previous close of 67.84 per greenback.
Investment-wise provisional data with exchanges showed that foreign institutional investors purchased scrip worth Rs 198.68 crore while the domestic institutional investors sold stocks worth Rs 86.22 crore.
Sector-wise the S&P BSE IT index and the Teck (technology media and entertainment) index were the gainers on Monday ending higher by 115.29 points and 40.56 points respectively.
On the other hand S&P BSE auto index slumped by 371.94 points the banking index was down 279.83 points and the capital goods index ended 233.08 points lower from its previous close.
Stock-wise the major gainers on the Sensex were Infosys up 2.07 per cent at Rs 1 272.30; Kotak Mahindra Bank up 0.70 per cent at Rs 1 329.45; Vedanta up 0.70 per cent at Rs 230.25; IndusInd Bank up 0.65 per cent at Rs 1 967.10; and HDFC Bank up 0.58 per cent at Rs 2 093.95 per share.
The top losers were Tata Motors (DVR) down 7.08 per cent at Rs 168.75; Tata Motors down 5.94 per cent at Rs 289.85; ICICI Bank down 3.79 per cent at Rs 289.45 Coal India down 2.28 per cent at Rs 259.05; and Larsen and Toubro down 2.05 per cent at Rs 1 269 per share.

--IANS rrb/mr