The Indian stock market closed in the red on Monday as a spike in volatility amid foreign institutional investors’ (FIIs) outflow and global cues affected investor sentiment.

Dear Trader… Nifty future slipped by 175 points to close at 23,816 (-0.73%), amid weak global cues and continued selling by FIIs. However quarterly readjustment in several Nifty indices led stock specific action in the market. IT, Pharma and Healthcare indices traded higher as investors turn to export – oriented