WHY THE LOSSES?

PROFIT BOOKING: Market experts said foreign and domestic institutional investors have turned bearish and booked profits since the record-high

PRE-BUDGET WORRY: Pre-budget nervousness may also explain the pull-out from the markets, according to analysts

FII PULLOUT: Foreign institutional investors (FIIS) sold equities worth ₹765.30 crore in the Indian capital market on Monday, while on Friday, they had sold over ₹600 crore

STRETCHED VALUATIONS:

The market valuations have become stretched and most of the positives are factored in the price, experts say

F&O EXPIRY: Futures and options contracts expire on the last Thursday of the month, which generally pushes the market down