The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
All this is happening at a time when aluminium prices in the world market are firming up.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
Custom duties, a major concern for the oil sector.
For India's upstream sector that has seen no new discovery coming into production.
HPCL is now ready to increase the stake of the state government up to 49 per cent.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet