On Monday, markets erased the gains in afternoon trade after not being able to recover post the export tax imposed on steel products. The benchmark indices ended marginally lower in the volatile session on Monday. 

Brooks Laboratories Ltd, Jyoti Structures Ltd and Easy Trip Planners (EaseMyTrip) Ltd witnessed positive action in today’s session.  

On Monday, the domestic equity benchmarks closed near the flat line, with a slight negative tilt. While metal equities were heavily selling, IT and auto companies ended the day in the green. Inflation concerns, impending expectations of fast interest rate rises, and a weakening global economic outlook all weighed on investors' minds. 

BSE Smallcap index underperformed broader markets, recording losses of 0.73 per cent to close at 26,158.79.

Nifty managed to close above 16200 after a sharp sell-off in the last one hour. In the end, the benchmark index closed lower by 0.32 per cent while Sensex lost about 37 points.

We are well-positioned to grow in our segment, given our superior research and strong distribution capabilities, emphasizes Sandeep Bhardwaj, CEO, Retail, IIFL Securities. 

Markets have been highly volatile with a bearish bias, providing an excellent opportunity to buy businesses with strong fundamentals. We will identify top stocks with growing net and operational cashflows in this post.

As the Centre cuts excise duty on petrol by Rs 8 per litre and diesel by Rs 6, several states have followed the suit by reducing VAT on petrol and diesel. Auto, realty, and logistics stocks are rallying on the bourses on the back of this positive news, being beneficiaries of the ease in petrol and diesel price. 

During Monday's opening bell, Indian markets were flat despite strong volatility, mirroring mixed global trends. On the domestic front, the auto index climbed 1 per cent to boost the broader markets, while metal stocks fell 8 per cent in early trading. The market's performance comes after the government announced an excise duty drop of Rs 8 per litre on petrol and Rs 6 per litre on diesel. 

At 11.30 am on Monday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally higher amidst mixed global cues. The Asia Pacific markets showed mixed signs on Monday as global uncertainties continue to worry the investors.