Sensex falls over 300 pts, Nifty below 24,300 as oil hits $90; IT, PSU stocks lead the slide

In a troubling trend, Nifty and Sensex slipped for a fifth day on Monday, as escalating oil prices and struggling IT stocks soured investor confidence. The broader market followed suit, opening lower and reflecting the ongoing negative sentiment. Analysts predict a stagnant market until new, favorable catalysts surface, prompting investors to keep a close eye on global trends and economic data that could sway the market's direction.