Mumbai: Negative cues from Asian markets, expectations of a US rate hike, weakening monsoon and a falling rupee eroded investor confidence on Monday leading to a barometer index provisionally closing over 308 points down.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) plunged 308.09 points or 1.22 percent.

A flat trajectory was witnessed at the wider 50-scrip Nifty of the National Stock Exchange (NSE) also. It declined by 96.25 points or 1.26 percent at 7,558.80 points.

The S&P BSE Sensex, which opened at 25,302.98 points, provisionally closed at 24,893.81 points (at 3.35 p.m.) down 308.09 points or 1.22 percent from the previous day’s close at 25,201.90 points.

The Sensex touched a high of 25,387.32 points and a low of 24,851.77 points in the intra-day trade.