Domestic equity markets declined nearly 2 per cent in the afternoon trade on Monday, a day before the re-scheduled Reserve Bank of India’s monetary Policy Committee meeting on Tuesday.
The broader Nifty50 touched the day’s low of 17,175.55 as the index declined nearly 2 per cent or over 300 points in the afternoon trade.
Financial services, FMCG and banking stocks declined the most as the related indices corrected between 1.5 to 2 per cent on Monday.