New Delhi, Aug. 24 -- The Indian stock market remained under pressure on Monday, August 24, tracking weakness in global markets as pressure in bond markets persisted and investors awaited further clarity on how tensions in the Middle East would unfold, with the US preparing to announce new sanctions on Iran.

Domestic factors also remained unfavourable for bulls, as financial stocks witnessed heavy selling, while auto and FMCG shares also ended lower.

The Nifty 50 eventually closed 0.36% lower at the 24,165 level, while the S&P BSE Sensex fell 0.35% to 77,270. The broader market also mirrored the weak trend, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices closing in the red.

Global bond yields continued to remain elevated ...