The Indian markets registered weak intraday on Monday, as the Sensex slipped over 500 points from the day’s high level, while the Nifty50 took support at the 17050-mark. The decline in the market is mainly led by the auto, FMCG and IT shares.

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At around 01:18 pm, the S&P BSE Sensex down over 460 points or 0.80 per cent to 57236 levels, and the Nifty50 declined around 140 points or 0.81 per cent to 17057 mark intraday today. Even the broader markets are negative as mid-cap down a quarter per cent, and small-cap flat in red intraday.

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A key contributor to the Nifty50, the Nifty Bank also declined by 59 points or 0.16 per cent to 36138 levels, led by the IndusInd Bank intraday on Monday.

As many as 9 shares were in the green and 41 in the red on Nifty50 till 1.20 pm. HCL Tech slipped most by around 2.5 per cent, followed by IndusInd Bank, Bajaj Finserv, Tata Consumer, each down over 2 per cent intraday.

Similarly, other IT stocks such as TCS, Infosys, Wipro are also down between 1-2 per cent along with Bharti Airtel, Divis Lab, Asian Paint and Power Grid.

On the contrary, fertiliser heavyweight UPL jumped the most by nearly 2 per cent, followed by Tata Steel, BPCL, HDFC and ICICI Bank each up between 0.5-1 per cent intraday today.

On the sectoral front, except for metal, media and realty all other indices were in the red. The Nifty IT down most by almost 2 per cent, followed by FMCG down nearly 1 per cent and auto down 0.6 per cent intraday on Monday.

In IPO, investors have last day today to apply for the Anand Rathi Wealth IPO, the IPO was opened on December 2, 2021 and had been fully subscribed on the first day itself.