Indian equity markets failed to carry the Friday momentum and ended Monday in the red. The lacklustre session witnessed frontline indices trading in a range, with bears having a stranglehold over the bulls. BSE Sensex closed at 61,624.15, down 170.89 points or 0.28 per cent. Meanwhile, Nifty 50 was settled the day at 18,329.15, up over 20.55 points or 0.11 per cent.  

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In terms of index contributors, Infosys and Kotak Bank shares aided the markets most but the gains were offset by ICICI Bank and ITC which were top laggards.

Nifty Bank closed at 42,076.75, down by 60.30 points or 0.14 per cent.

Over the course of the session, benchmark indices traded in a narrow range with Sensex trading in 350-point range while Nifty50 traded in 90-point range.  

India VIX, a measure of volatility on Nifty was up 14.91 points or 3.50 per cent from te Friday closing levels.

The top gainers were Hindalco Industries, Apollo Hospitals, Tata Motors, Grasim Industries and Power Grid while the top losers were Dr Reddy's Coal India, ITC, Hindustan Unilever and SBI.

In the 15- Nifty sectoral indices, the top performing indices were Nifty Metal (+1.73 per cent), Nifty Realty (+1.13 per cent) and Nifty (+0.87 per cent) while the worst performing indices were Nifty FMCG (-1.35 per cent), Nifty PSU Bank (-0.60 per cent) and Nifty Media (-2.40 per cent).

Also Read: Market HIGHLIGHTS: FMCG, media, PSU Bank stocks drag Sensex, Nifty; ITC, SBI top losers

In the broader markets, Nifty Mid Cap 100 managed a closing at 31,399.15, up 0.06 per cent while Nifty Small Cap 100 settled at 9,752.25, up 0.48 per cent.

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Singapore-based SGX Nifty, an early indicator of Nifty50 movement was trading at 18,377.5, down 58.5 points or 0.32 per cent around this time. Dow Futures were trading at 33,664.50, down 83.40 points or 0.25 per cent.