New Delhi, June 2 -- Indian equity markets opened in the red on Monday, weighed down by continued foreign portfolio investor (FPI) selling and continued geopolitical tensions in West Asia.

The BSE Sensex fell 322.14 points, or 0.43 per cent, to 73,945.20, while the NSE Nifty 50 declined 153.45 points, or 0.66 per cent, to 23,229.15.

Market experts said domestic indices remain under pressure in the near term, though oversold conditions could support a technical recovery.

"We believe the market's short-term structure is weak, but due to temporary oversold conditions, we expect a technical bounce back from current levels," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

"For day traders, 23,500/74500 will be a trend-settin...