Rupee Falls 11 Paise To 86.33 Against Dollar

Nifty fell 1.14% to end at 22,829.15, while Sensex shed 1.08% to close at 75,366.17

- Press Trust of India

Indian shares slid more than 1% on Monday, with the benchmark Nifty 50 and Sensex indexes finishing at seven-month lows, as a swathe of lackluster earnings reports fueled fears that a slowdown in corporate profits would continue.

The Nifty 50 fell 1.14% to end at 22,829.15, while the BSE Sensex shed 1.08% to close at 75,366.17.

Small-cap stocks sank 3.8%, while mid-caps lost 2.75%, both posting their worst session in two weeks. All 13 major sectors logged losses.

"Slowing earnings in the December quarter has been a major pain point for the domestic markets, with the weakness in capex and consumption spooking investor sentiment," said Avinash Gorakshakar, head of research at Profitmart Securities.