The Indian bourses closed lower for second consecutive day on Monday, due to huge selling pressure in the heavyweight stocks.

The BSE Sensex closed lower by 193.44 points at 11,682.99 while, NSE Nifty ended the day, down by 66.10 points at 3,554.60. The BSE Sensex touched intraday high of
12,026.60 and intraday low of 11,621.30.

In addition, BSE Mid Cap and Small Cap Indices also closed the day with losses of 59 and 91.94 points at 3,711.42 and 4,185.32 respectively.

Throughout the day, traders were seen booking profits ahead of general elections results, which will be declared on 16th May (Saturday). Further, unfavorable cues from the global markets contributed steep fall in the Sensex.

The market today opened on good note, and crossed the psychological 12,000 mark, backed by positive cues from the markets all over the world. But an hour into opening the market turned choppy on selling pressure.

During Afternoon trading hours, the benchmark indices tried to gain some points, but later failed to hold the same momentum and slipped sharply below the previous close. On sectoral front, Reality (-5.19%), Consumer Durables (-2.59%), Capital Goods (-2.48%), Power (-1.88%), Teck (-1.77%), Metal (-1.72%), Oil & Gas (-1.65%) stocks contributed to most the selling pressure. Further, Mid Cap and Small Cap stocks also remained out of favor in today's trading session.

Losers from the BSE Sensex pack were Unitech (8.90%), India Cement (8.72%), Century Textile (6.53%), Ashok Leyland (5.43%), DLF Ltd (5.10%), Reliance Capital (5.05%), SBI (4.86%), RCom (4.64%), JP Associates (4.61%), Tata Motors (4.28%), Tata Steel (3.84%), Ranbaxy Lab (2.98%), HUL (2.94%), L&T Ltd (2.82%), Bharti Airtel (2.57%), Grasim Industries (2.57%), BHEL (2.53%) and TCS Ltd (2.33%).

Gainers from the BSE Sensex pack were Zee Entertainment (5.57%), Sesa Goa (5.46%), Indiabulls (4.92%), Educomp Solution (3.98%), JSW Steel (3.92%), Bank of Baroda (3.34%), Axis Bank (1.72%), Aban Offshore (1.62%), M&M Ltd (1.57%), ICICI Bank (0.55%), Sun Pharma (0.46%), Maruti Suzuki (0.33%) and Tata Power (0.24%).