Mumbai, Feb. 3 -- The key equity indices ended with modest losses on Monday, following weak cues from Asian markets. This decline was driven by heightened concerns over a potential broader trade war, particularly after US President Donald Trump imposed tariffs on Canada, Mexico, and China. The Nifty settled below the 23,400 level. IT, consumer durables, and pharma shares advanced while oil & gas, metal, and FMCG shares declined.

As per provisional closing, the S&P BSE Sensex, declined 319.22 points or 0.41% to 77,186.74. The Nifty 50 index lost 121.10 points or 0.52% to 23,361.05.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.89% and the S&P BSE Small-Cap index fell 1.77%.

The market bre...