Indian shares came off their session peak to close a tick higher on Monday, as strength in pharmaceutical stocks was largely offset by declines across the banking and auto sectors.
The broader NSE index ended 0.07pc higher at 11,053.90, while the benchmark BSE index gained 0.14pc to finish at 37,042.49.
The Nifty PSU bank index, tracking state-owned banks, shed 0.83pc, with State Bank of India falling about 1.5pc.
A 1.6pc slide in Eicher Motors Ltd contributed to a 0.56pc decline in the Nifty auto index.
The auto index has shed 36pc over the past year, including a 22pc plunge since mid-April, as the automotive industry faces a bruising slowdown that has forced companies to curtail production and slash jobs.
The Nifty pharma index ended 0.74pc higher, led by a 2.7pc gain in Sun Pharmaceutical Industries Ltd.
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