The Bombay Stock Exchange Sensex closed 166.36 points down at 31,095.70 on Monday, after trading in red for the entire day. The National Stock Exchange Nifty also fell 51.85 points to finish at 9,616.40. The broader markets, too, lost 0.5% on Monday, with 1,694 shares declining as compared to 1,019 shares advancing on the BSE.

Data on industrial production and consumer price inflation is set to be released on Monday, which affected the stock markets. The global cues also had its impact on the domestic bourses. The United Kingdom election, which resulted in a hung Parliament, and the upcoming meetings of central banks made investors cautious.

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The information technology sector saw a poor day, with Wipro losing 10.45 points or 1.95% to close at Rs 526.30 per share. The company attributed this drop to a potential threat to its growth because of United States President Donald Trump’s administration and his regulations, Business Standard reported. Shares of Tata Consultancy Services also lost Rs 20.35 in value, closing at Rs 2489.90 per share. However, Infosys was the biggest gainer on the BSE on Monday, gaining 1.60% to end at Rs 963.80.

Other companies, which were among the top five gainers on the Sensex, were Sun Pharma (1.59%), Hindustan Unilever (0.42%), Cipla (0.42%), GAIL (0.24%) and Tata Steel (0.21%). The biggest losers on the BSE were Larsen & Toubro that lost 2.29% to finish at Rs 1736 per share, Tata Motors’ shares dropped 2.29% to close at Rs 456.50.

The top gainer on the NSE was Tech Mahindra Ltd, which gained 2.55% to close at Rs 396.65. The other top gainers were Infosys (1.67%), Tata Power (1.41%), Sun Pharma (1.38%) and Bosch Limited (0.89%). The biggest losers on the Nifty50 were Bank of Baroda, Tata Motors DVR, Larsen & Toubro, Tata Motors and ICICI Bank.

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After the revision of Goods and Services Tax rates announced by Finance Minister Arun Jaitley on Sunday, the shares of PVR closed 1.55% up. However, Inox Leisure, which had also improved by over 2% in morning trade, closed in the red.

The GST Council had decided that the tax rate for movie tickets that cost above Rs 100 will be 28%, and for those below Rs 100, it will be reduced to 18%. The Council also slashed the indirect tax on making charges of watches from 18% to 5% which helped Titan climb over 2% in the morning trade. However, it declined to finish 1.95% down, at Rs 515.20 per share on the NSE.

The rupee opened was down at 64.35 per dollar on Monday, and then declined further to Rs 64.41.