The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,925 level, a discount of nearly 25 points from the Nifty futures’ previous close.

Indian equities in a highly volatile session ended Monday's session (October 21). Nifty closed the session at 24,781.1, down 0.29 per cent or 72.95 points, while Sensex ended lower by 0.09 per cent or 73.48 points at 81,151.27. Broader markets, however, tumbled sharply with Nifty Midcap 100 ending 1.7 per cent lower.

Erasing initial gains, benchmark indices Sensex and Nifty closed lower on Monday due to a sharp fall in Kotak Mahindra Bank and relentless foreign fund outflows

The Nifty 50 wrapped up the session with a drop of 0.45%, closing at 24,741, while the Sensex finished the trading day down by 0.05%, closing at 81,180.

Bajaj Auto, HDFC Bank, Asian Paints, and Mahindra and Mahindra were among the top gainers on the Nifty index. Tata Consumers, Kotak Bank, BPCL, and Bajaj Finserv were among the top losers.