The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,775 level, a discount of nearly 50 points from the Nifty futures’ previous close.

The domestic IT stocks weighed heavily on domestic benchmark indices, whereas a last-hour recovery in financial stocks saw the Nifty 50 and Sensex come slightly off lows after extending early losses on Monday.

India's benchmark indices ended in red on Monday, pressured by losses in heavyweight metal and IT stocks, on the back of weak global commodity prices and ahead of the U.S. Federal Reserve's interest rate decision this week.