Indian equity benchmarks closed lower on Monday, dragged by tech stocks after a strong U.S. jobs report renewed fears of the Federal Reserve sustaining aggressive rate hikes for longer, while foreign investors continued to sell.

Dear Trader… Markets started the week on a subdued note and lost nearly half a percent, tracking feeble global cues. After the initial dip, the Nifty future index hovered in a narrow range till the end and finally settled at 17805.95 levels. Meanwhile, a mixed trend on the sectoral front