HDFC Bank Ltd shares were down 1.56 per cent at Rs 1,722 after the Q3 update. December was the third consequent quarter of sequential corporate loan decline as the banks continued to choose profitability over balance sheet growth.

Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

The Sensex platform was painted in red. Titan, ICICI Bank, and Bajaj Finance remained the only exceptions in green. On the other hand, the major laggards included Tata Steel, Kotak Bank, and M&M.

BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was up over 100 points, Nifty50 was above 24,000.

Indian benchmark indices Sensex and Nifty50 opened higher but then dipped as Bajaj Finance reported a 28% YoY rise in assets under management. IT stocks surged ahead of the quarterly results season, while the external macro construct remains challenging with high US bond yields affecting FII flows.