Market Wrap: Sensex slips 54 points, Nifty below 26,050 as trade jitters and foreign outflows weigh

Indian stock markets saw a modest decline on Monday. This ended a two-day rally. Weakness in auto and financial sectors pulled down the markets. Foreign investors continued to pull money out. Uncertainty over a US-India trade deal also impacted sentiment. The Indian Rupee reached a record low against the dollar. The Sensex and Nifty both closed lower.