Indian share markets closed on Monday with no major changes, led by a cool-off in private banks along with FMCG and Auto stocks.

The BSE Sensex ended 35 points higher at 50,441 while the NSE Nifty 50 index ended with gains of 20 points at 14,956. Benchmarks managed to register gains after consecutive days of losses.

UPL, GAIL India, Larsen and Toubro, ONGC and HCL Tech were among the top gainers, while losers included Bajaj Finance, IndusInd Bank,  UltraTech Cement, Shree Cements and Bajaj Auto. Nifty Bank also swung between gains and losses while Nifty PSU Bank was the outlier in trade.

Oil and gas stocks were in traction today after crude futures surged to above USD 70 per barrel after there was an attact on the Saudi Arabia oil production facilities.

Among the sectoral indices, PSU Banks were the outperformers with the index ending with gains of 1.6 percent. The Nifty Media index ended 1 percent higher while the Metal index gained 0.8 percent.

The Nifty Realty index was the top sectoral laggard, ending 1 percent lower, while the FMCG index fell 0.5 percent. Both Nifty I.T. and the Nifty Pharma index cooled off from their respective day's high to end with gains of close to 0.5 percent.

Broader markets ended with bigger gains as compared to the benchmark indices. The Midcap index rose 0.3 percent while the Smallcap index ended 0.4 percent higher.

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