Among the sectors on BSE, energy, utilities, metal, oil & gas, realty and power ended the day in the red.
Power, metal, basic materials, utilities, capital goods and bank indices ended in the red.
Rally in global stocks too bolstered sentiment, triggering sustained buying in most sectors.
The six-member MPC of RBI unanimously hiked the repo rate by 25 bps to 6.25 per cent.
BSE Midcap and Smallcap suffered more losses than Sensex, plunging 1.20% and 2.43%, respectively.
Investors' risk appetite remained subdued ahead of the RBI's rate decision on Wednesday.
Except for energy, telecom and auto, all sectors on BSE ended in the negative zone.
Indian stock market witnessed heavy short covering in the later part of the session today.
Market sentiment took a hit from political crisis in Italy and renewed trade war fears between US and China.
ICICI Bank, HDFC, SBI, HDFC Bank and Kotak Bank were the top losers from the Sensex pack.
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