Market investors became poorer by Rs 8.90 lakh crore as Sensex extended its losing streak for the sixth straight session and settled sharply lower on Monday dragged down by heavy selling in bellwether stocks amid mixed global trends and outflow of foreign funds.

At closing, Sensex was down 638 points, or 0.78 per cent, at 81,050 and Nifty was down 218 points, or 0.87 per cent, at 24,795.

Investors are worried that Foreign Portfolio Investors (FPIs) pulling out Rs 27,142 crore in just a few days of October could signal a bigger selloff ahead. As global investors turn their attention to undervalued Chinese stocks,

Stock Market LIVE Updates | Sensex and Nifty began the week on a positive note on Monday, supported by rising information technology stocks, after robust U.S. jobs data eased fears of a recession.

GIFT Nifty futures, trading around 60 points ahead, indicated markets in India were likely to start on a positive note on Monday.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,250 level, a premium of nearly 60 points from the Nifty futures’ previous close.