Indian stock market bowed to selling pressure on the very first day of the week as both the benchmark indices, BSE Sensex and NSE Nifty, finished the day with losses on account of decline in prices of metal, capital goods and realty stocks.

The BSE Sensex failed to hold on to early gains and slipped from day's high of 18,203.92 to close at 18,050.78 points, 0.64 per cent or 116.25 points lower from its Friday's close of 18,167.03 points at the Bombay Stock Exchange.

On the other hand, the 50-scrip index Nifty declined 0.62 per cent or 33.8 points to shut shop at 5,418.3 points on Monday.

Market breadth remained fairly negative on Monday as 1,695 BSE-listed stocks declined as compared to 1,272 scripts which advanced. 103 stocks remained unchanged at the end of the day's trade.

Cipla and Reliance Infra remained the major losers of the day as the stocks lost over three per cent during the day. FMCG stocks, however, did well at the bourses. While Hindustan Unilever gained 1.58 per cent to Rs.269.90 per share, ITC moved 1.28 per cent up to Rs.158.