The BSE Sensex and Nifty edged lower on Monday tracking weakness across Asian stocks. The Sensex declined over 100 points, while the Nifty slipped below the key 8,250 level in opening trade.
Continued selloff by foreign institutional investors also seems to be weighing on sentiments, analysts say. FIIs sold cash shares worth Rs 298 crore (net) on Friday, taking their selling streak to a fourth consecutive session.
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