MUMBAI: Indian equity markets closed lower on Monday after a volatile trading session, as selling pressure in information technology and oil and gas stocks weighed on overall sentiment.
Markets also remained cautious amid mixed global cues following a US military operation in Venezuela that resulted in the capture of President Nicolas Maduro.
At the close of trade, the Nifty ended at 26, 250.30, slipping 78.25 points or 0.3 per cent.
“The 26, 300–26, 350 band now stands as a key overhead resistance; a decisive and sustained breakout above this range could revive bullish momentum and open the path toward 26, 500 in the near term, ” an analyst said.