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Vedanta is the top sectoral loser on the Metal index, trading with losses of over 5%, followed by National Aluminium Co, which is trading with losses of 5%.

Motilal Oswal sees a higher impact to companies with a greater exposure to railways, water, road construction and private capex. However, companies with a greater focus on power T&D, renewables, defence and higher-growth areas are placed betterm the brokerage said.

The decline came amid rising global trade tensions after US President Donald Trump imposed fresh tariffs on Mexico, Canada, and China.

Kotak wrote in its note that Swiggy is a new-age, technology-driven company offering hyperlocal services such as food delivery, quick commerce (QC) and out-of-home food consumption through an unified application.

Most of these railway PSU stocks are down between 35% to 45% from their record high levels.

On Monday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.

Brokerage firm JM Financial expects the Nifty50 EPS growth to remain tepid at 3.8% in FY25, but said that it could be much better in FY26E.

The latest tariff announcement from Washington also weighed on other Chinese assets, with the offshore yuan sliding as much as 0.7% on Monday to approach a record low versus the dollar.

Investec wrote in its note that UPL’s operational performance were above expectations, its outlook is improving, and valuations remain supportive.

The brokerage wrote in its note that the budgeted LPG subsidy by the government implies that the OMCs will bear nearly 69% of the under-recoveries for financial year 2025 on the regulated product after a gap of nearly nine years.