Sensex gains 86 pts; Nifty above 18,300; HCL Tech slumps 6%; Auto stocks up

Closing Bell

Nervousness has creeped into the markets, with focus shifting to stock-specific action amid Q3 results season. The BSE Sensex oscillated in a narrow range of 277 points intra-day on Monday, and eventually ended at 61,309 levels, up 86 points or 0.14 per cent. 

On the NSE, the Nifty50 closed at 18,309, up 53 points or 0.29 per cent. In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 per cent higher. 

According to Ajit  Mishra, VP-Research at Religare Broking, Markets are currently witnessing time-wise correction and likely to resume