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The Nifty IT index closed 0.88 per cent up at 41236.85.

A total of 768 entities settled cases pertaining to alleged non-genuine trades at the stock options segment on the BSE with Sebi under the settlement scheme introduced in 2024, the markets regulator said on Monday.

Indian markets closed flat on Monday with a negative bias. The BSE Sensex fell 12 points while the Nfity50 gained 31 points. Consumer durables, energy, and metals saw buying; capital goods, banks, and autos faced selling.

Sensex ended nearly unchanged, while Nifty 50 gained 31 points amid volatile trading. Energy stocks rose due to a windfall tax cut on crude, but financials saw profit booking. Key gainers included Hindalco and BPCL, while M&M and Bajaj Auto declined. Newly listed Ola Electric Mobility surged by 10%.

Capital markets regulator Sebi has segregated dues to the tune of Rs 76,293 crore under "difficult to recover" category at the end of March 2024, marking an increase of 4 per cent from the preceding year. Of this, a huge chunk is on account of cases pending before court-appointed committees.

It currently has 4.3% stake in the food delivery platform.

The Nifty Realty index was trading 0.17 per cent up at 1050.4.

The category reserved for non-institutional investors has been subscribed nearly 5 times so far, while the retail investor category has been subscribed 2 times. However, there have been no bids from qualified institutional buyers yet. In the grey market, shares of Interarch Building Products are trading at a premium of Rs 330, reflecting a 37% premium over the issue price.

Out of the proceeds from the fresh issuance, Rs 425 crore will be utilised for funding working capital requirements, Rs 172.68 crore for setting up multi-feed stock operations, besides, a portion will be used for general corporate purposes.

Rakesh Arora of Go India Advisors explained the difficulties cement companies face in increasing prices amidst stiff competition. Slight price hikes are seen, but sustaining them is challenging. The sector is witnessing consolidation, with leading firms acquiring smaller players. Arora also discussed the implications of recent legal rulings on the mining industry.