The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,775 level, a discount of nearly 50 points from the Nifty futures’ previous close.

Sensex fell 385 points to close at 81,749, while the Nifty declined 100 points to 24,668. However, midcap stocks outperformed, with the Midcap Index gaining 451 points to settle at 59,443.

The Sensex and Nifty continued to plunge on Monday and ended in red. The BSE Sensex settled the session at 81,748.57, declining almost 400 points, while the NSE Nifty50 closed trading at 24,688.25,slipping 100 points.