Bulls retreat as Sensex falls over 200 points, Nifty slips below 23,100. What's next for D-Street?

The Indian stock market witnessed a decline on Monday, with both Sensex and Nifty slipping. Axis Bank and HDFC Bank suffered significant losses, while SBI and UltraTech Cement posted gains. The PSU Bank index rose, contrasting with the declining private banking sector.