Sensex closes nearly 1% lower as financial stocks bear the brunt
Photo Credit: Reuters

Indian shares settled lower on Monday, taking cues from a broader selloff seen across the globe on fears of a recession in the United States.

The benchmark BSE Sensex closed down 0.93 percent at 37,808.91, while the broader NSE Nifty slipped 0.90 percent to 11,354.25.

Shares of debt-ridden airline Jet Airways Ltd ended 12.69 percent higher after Chairman Naresh Goyal stepped down from the company's board.

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