Benchmark indices closed with marginal gains on Monday, led by IT and Financials stocks. At close, the BSE Sensex closed at 54,402.85, up 125.13 points. It hit an intraday high of 54,584.73 and a low of 54,124.27. The NSE Nifty 50 closed at 16,258.25, up 20.05 points. It hit an intraday high of 16,320.75 and a low of 16,179.05. The breadth of the market turned in favor of the decliners with a ratio of 2:1 as 2,039 stocks declined, 1,291 advanced and 146 remained unchanged on the BSE.

Mahindra & Mahindra, Tech Mahindra, Axis Bank, Bajaj Finserv and IndusInd Bank were among major gainers on the Nifty 50 while Tata Consumer, Coal India, Adani Ports, Bharti Airtel and SBI Life were the top losers.

Sectorally,  metals and Oil & Gas stocks were under pressure, financials excluding PSU Bank and IT gained. Healthcare and pharma stocks also recorded marginal gains in the second half while realty and auto stocks tracked losses. Nifty Bank was up 0.61  percent at closing while Nifty Financial Services was up 0.39  percent. Nifty Private Bank was up 0.69  percent while Nifty IT was up 0.44  percent. Nifty Pharma was up 0.11  percent while Nifty Healthcare Index was up 0.14  percent. On the downside,  Nifty Metal was lower by 1.87  percent. Nifty PSU Bank was down 1.56  percent while Nifty Oil&Gas was down 1.10  percent. Nifty Realty was trading 0.73  percent lower while Nifty Auto was down 0.10  percent.

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