The NSE Nifty50 index which opened at 11,549.20 was closed on a lower note at 11,456.90, 64.15 points down. During its trading session it touched an interest low of 11,434.55.
The market paused it's eight days winning streak on Friday as benchmark indices closed lower. Even the Nifty Bank index closed at 25,582.50, 249.7vpoints down.
Oil Update:The oil prices dropped on Monday as concerns of a sharp economic slowdown outweighed supply disruptions from OPEC's production cutbacks and US sanctions on Iran and Venezuela.
Taking cues from previous trading session it is expected to see a negative opening in today's trading session.