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 automobile sectors.
The broader NSE Nifty ended 0.07% higher at 11,054, while the benchmark BSE Sensex gained 0.14% to finish at 37,042.5.
The Nifty PSU bank index, tracking state-owned banks, shed 0.83%, with State Bank of India falling about 1.5%.
A 1.6% slide in Eicher Motors Ltd contributed to a 0.56% decline in the Nifty automobile index.
The automobile index has shed 36% over the past year, including a 22% 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 0.74% higher, led by a 2.7% gain in Sun Pharmaceutical Industries Ltd.
