On Monday, gains in ITC, Kotak Mahindra Bank, Tata Consultancy Services, Power Grid, and Asian Paints were countered by losses in Tata Steel, Reliance Industries, ICICI Bank, State Bank of India, and Larsen & Toubro, bringing the Indian equity benchmarks to a halt.
The benchmarks opened with a gap, with the Sensex jumping 350 points and the Nifty going above its key threshold of 18,200. However, profit-taking at higher levels caused the benchmarks to retreat from intraday highs, according to analysts. At the closing point, the Sensex finished 32 points higher, or 0.05 percent higher, at 60,719, while the Nifty 50 index rose 7 points to 18,109.
Eight of the National Stock Exchange's 15 sector indices finished higher, headed by the Nifty Healthcare index, which gained more than 2 percent. The Nifty Pharma, FMCG, Information Technology, and Consumer Durables indices all increased by 1.3-1.45 percent. The Nifty PSU Bank, Metal, Media, Bank, and Auto indices, on the other hand, all finished lower.
Mid- and small-cap stocks closed the day with mixed results, with the Nifty Midcap 100 index rising 0.32 percent and the Nifty Smallcap 100 index down 0.25 percent.