Bulls lose ground! Sensex sinks over 800 points, Nifty slips below 22,950; 5 key triggers behind selloff

The Indian stock market took a hit on Monday after a considerable rise the previous week. Both Sensex and Nifty struggled, with Axis Bank and HDFC Bank suffering significant losses. Nevertheless, firms like SBI and UltraTech Cement managed to post gains. The PSU Bank index rose, providing a stark contrast to the declining private banking sector.