Benchmark indices saw heavy selling pressure on Monday, led by a pain in smallcaps and midcap stocks. Sensex slipped 610 pts to close at 85,102 and Nifty ended 226 pts lower at 25,960. There were just six gainers in the Nifty Mid Cap 100 index namely Policy Bazaar, Phoenix Mills, Coromandel International amaong others. Monday's market weakness saw bottom coming out of mid-caps and small-caps. Advertisement

The crash was caused by a 700 point cut on the Nifty Bank and the continued weakness in the IT indices. Rupee was also weak, trading above 90.10 adding to the selling pressure in equity market.

BSE small cap index tumbled 1,126 pts to 49,967 and midcap index crashed 807 pts to close at 45,810.

Of 30 Sensex stocks, 26 ended in the red. Tech Mahindra, HCL Technologies, RIL, HDFGC Bank

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