India’s benchmark stock indices closed lower for the second day in a row on Monday after swinging between gains and losses, led by decline in Bajaj Finance Ltd., Mahindra & Mahindra Ltd., and Larsen & Toubro Ltd.

The S&P BSE Sensex closed 140 points down, or 0.21%, at 65,655.15, while the NSE Nifty 50 ended 38 points lower, or 0.19%, at 19,694.00.

Overseas investors remained net sellers of Indian equities for two days in a row on Monday. Foreign portfolio investors offloaded stocks worth Rs 645.7 crore, while domestic institutional investors turned buyers and mopped up stocks worth Rs 77.8 crore, the NSE data showed.

The Indian rupee weakened 8 paise to close at the all-time weakest level of 83.35 against the U.S. dollar on Monday.