The Bombay Stock Exchange Sensex tanked on Monday to close 265.83 points in red at 31,258.85, after opening over 95 points higher than Friday’s close. The National Stock Exchange Nifty also declined 83.05 points to finish the day at 9,754.35 points after opening higher in the morning.

IT giant Infosys continued its poor run on the stock market on Monday, finishing as the top loser on both indices, with its share price falling 5.75% despite a buyback offer.

The top five gainers on the Sensex were Axis Bank, TCS, Mahindra & Mahindra, HDFC and ITC. Apart from Infosys, the stocks that declined the most were BHEL, Adani Ports, Dr Reddy’s Laboratories and Sun Pharma.

On the Nifty, Axis Bank, Mahindra & Mahindra, TCS, Tech Mahindra and Eicher Motors gained the most. The top five losers on the 50-share index were Infosys, Bank of Baroda, Indian Oil Corp, Adani Ports and Dr Reddy’s Laboratories.

Other Asian markets had a mixed day. While the Hong Kong Hang Seng finished over 107 points higher, the Taiwan TSEC 50 Index rose just five points, and the Shanghai SE Composite Index 18.18 points. Japan’s Nikkei 225 declined 77.28 points to close at 19,393 points. The mixed sentiment in Asian markets was influenced by the military drills between the United States and South Korea, which have infuriated North Korea.

The rupee was trading at 64.14 to the dollar at 4.04 pm, nearly seven paise down from its opening rate on Monday.