Indian benchmark equity indices Sensex and Nifty50 closed in the red in a volatile session on Monday after hitting record highs, dragged by financial and IT stocks due to US rate cut concerns.

Dear Trader… State-owned firms reported gains a day after Prime Minister Narendra Modi was sworn in for a rare third term.The BSE benchmark Sensex declined 203 points or 0.27% to settle at 76,490. The broader NSE Nifty Future dropped 95.15 points or 0.41% to end at 23,230. In Monday’s trade,