Sensex, Nifty end lower as banking stocks drag; Cipla, Adani Enterprises fall over 6%

Benchmark stock market indices settled lower on Monday after trading in negative territory throughout the trading session. Banking and financial stocks were the biggest drags, with several heavyweight shares ending the session with losses.

The S&P BSE Sensex fell 311 points to 60,691, while the NSE Nifty 50 settled 99.60 points lower at 17,844.60. Broader markets were also under pressure throughout the day due to increased market volatility.