The Nifty50 closed 0.75 percent lower at 17,764.
The NiftyBank closed 0.17 per cent lower at 37,976.
On Option front, Maximum Call OI is at 18000 then 18500 strike while Maximum Put OI is at 17500 then 17400 strike.
Six stocks: BHEL, Escorts, Idea, Sun TV SAIL, and National Aluminium have been placed under the F&O ban on Monday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.