New Delhi, Sept. 1 -- The Nifty 50 remained under pressure through much of Monday's session and briefly slipped below the 24,000 mark, touching a low of 23,993. The decline also resulted in a lower low on the daily chart. However, the index recovered 86 points from the intraday low and settled at 24,080.40, lower by 95.25 points or 0.39%.

With Monday being the final trading session of August, the Nifty ended the month down 1.24%. This brought an end to the two-month winning run seen in June and July. The closing level was also close to where the index had settled on August 19.

Another talking point was the sharp movement during the Closing Auction Session. Bank Nifty moved by more than 600 points during the CAS, while the Nifty Midcap 1...