Indian equity benchmarks closed nearly 2% lower on Monday, hurt by a selloff in information technology (IT) stocks, as increasing cases of the Omicron corona virus variant spooked investors ahead of the central bank’s decision on interest rates.

Dear Trader… Indian bourses closed in red terrain in today session with Sensex and Nifty future down by 949 and 289 points, respectively. Selling in frontline blue chip stocks such as HCL Tech, Indusind Bank and Infosys weighted down on the markets. Besides, broader indices were also trading in red,