The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 26,305 level, a discount of nearly 40 points from the Nifty futures’ previous close.

Equity indices plummet 1.5% due to geopolitical risks, profit-taking, and foreign fund outflows, impacting major stocks globally.

Sensex, Nifty and Nifty Bank took a beating on Monday morning amid fears the market regulator in a board meeting later today could announce measures to curb retail participation in the futures and options (F&O) segment.

The fall in indices came ahead of the outcome of the Securities and Exchange Board of India (SEBI) board meet, in which the regulator is expected to come out with norms to curb speculative trading in Futures and Options (F&O),

Indian equities in Monday's trade after relentless gains over the previous week suffered sharp losses. At the last count, Sensex was down over 1.17 per cent or 1,001.6 points at 84,570.25, while the 50-share NSE benchmark Nifty 50 was down over 1 per cent or 292 points at 25,

After opening on a weak note, the selloff intensified in the last hour of trade, with the Sensex plunging over 1,200 points and the Nifty slipping below the critical 26,000 mark, reflecting growing caution among investors.

A combination of global uncertainties and domestic profit booking has led to the recent stock market decline. Most stocks are trading in red.