The downtrend in the stock market... (symbolic photo)

The major stock markets

saw a decline after a sharp start on Monday.

During this, the Sensex rose 254 points, but within a few minutes the index lost its edge and went into the red.

In early trade, the BSE index was trading 253.69 points higher at 51,614.11, while the Nifty rose 69.6 points to 15,363.10.

The major index, however, could not sustain this momentum and at the time of writing the news, the Sensex was down 287.1 points at 51,073.32, while the Nifty was down 94.75 points at 15,198.75.

Tata Steel, M&M, PowerGrid, Tech Mahindra, Larsen & Toubro and ICICI Bank were among the major losers in the Sensex.

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On the other hand, HDFC, Hindustan Unilever, Sun Pharma and HDFC Bank saw a rise.

In other Asian markets, Tokyo and Seoul were down, while Shanghai and Hong Kong were trading in the green.

Meanwhile, Brent crude, the international oil index, fell 0.18 percent to $112.95 a barrel.

Foreign institutional investors (FIIs) sold shares worth a net Rs 7,818.61 crore on Friday, according to provisional data of the stock market.

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