Indian benchmark indices started the week on a negative note, extending the losing streak on second day with Nifty 50 slipping below 25,200, intraday, amid selling seen in the IT, financial and pharma stocks.

The information technology stocks remained under pressure after US President Donald Trump levied $100,000 fee on new H-1B visa, however, seen some recovery on clarification . Also, GST implementation from today and extended buying in Adani Group stocks helped to recover intraday losses.

At close, the Sensex was down 466.26 points or 0.56 percent at 82,159.97, and the Nifty was down 124.70 points or 0.49 percent at 25,202.35. BSE Midcap and smallcap indices shed 0.7% each.

Also Read: Trump’s H-1B fee shock eases but Indian IT faces gathering storms

On the sectoral front, IT

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