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The stock of Panacea Biotec was seen outperforming the broader market indices on Monday as it jumped nearly 4 per cent along with a substantial rise in the daily volumes.   

Activity in the F&O market for the weekly expiry on February 24 shows 16100 to act as support.

The Indian benchmark indices extended their losing streak to the fourth consecutive trading session on Monday.

The Nifty closed in red after hitting a day's high of 17,351.05 in afternoon trade. The continuing Russia-Ukraine encounter, increasing crude oil prices and harsh selling by foreign portfolio investors (FPIs) continued to put pressure on domestic shares. In the commodities market, Brent crude fell 0.19 per cent at USD 93.36 a barrel. 

On Monday, the equity markets ended an extremely volatile trading session closing in red for the fourth consecutive session due to the ongoing Ukraine-Russia situation. Media and metal stocks witnessed profit booking at higher levels while some buying interest was seen in banking and financial stocks.

Linde India soared 10.93 per cent and closed at Rs 2996. The stock had logged a fresh 52 week high at Rs 3004.45 in anticipation of strong December quarter performance to be declared on February 24.  

Coal India, Hindalco, and UPL are the top losers among Nifty stocks. 

Equitas Small Finance Bank has been trending for its high upside of over 6 per cent. It opened at Rs 54.00 and has made a day’s high of 58.50.

Vodafone Idea Ltd (Vi), the Indian telecom operating company, rallied by more than 5 per cent today.

The stock is seen buzzing on the bourses on Monday as it jumped over 10 per cent along with a huge spurt in the volumes. A huge spurt in the volumes indicates strong buying interest by the market participants.