Indian equity markets witnessed a sharp sell-off in late trade on Monday as persistent foreign fund outflows and a weakening rupee weighed on sentiment.

The 30-share BSE Sensex pack declined more than 800 points to touch a day's low of 84,875, while the broader NSE Nifty index slipped over 290 points, falling below the 25,900 mark. Advertisement

The broader impact was significant, with BSE's total market capitalisation (m-cap) dropping sharply. Investor wealth, as measured by BSE m-cap, fell by Rs 7.56 lakh crore to Rs 463.41 lakh crore compared to Rs 470.96 lakh crore in the previous session.

Several stocks contributed to the decline, including Bharat Electronics Ltd (BEL), State Bank of India (SBI), Bharti Airtel, Bajaj Finance, Larsen & Toubro (L&T), Eternal, Infosys, Mahindra & Mah

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