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Analysts said the index has support at 17,840, below which some selling pressure can set in. On the upside, they see resistance at 18,000 and 18,130 levels.

The Nifty Bank index closed 1.37 per cent up at 38293.8.

Four auto companies -- namely Maruti Suzuki, Hero MotoCorp, Mahindra & Mahindra and Eicher Motors -- may report 8-45 per cent fall in September quarter profit while Tata Motors may report losses, suggests Motilal Oswal Securities.

"We have to get a 40% return on capital employed. CIM Tools is a profit making company and our idea would be to improve on that and, of course, add to the top line."

The three companies have been issued observations by the watchdog, according to the update on the processing status of draft offer documents as on October 8.

Shareholding data on Trendlyne as of June 30, 2021, showed Dolly Khanna held 2,76,284 equity shares or 1.02 per cent stake in the company.

Listing of Aditya Birla Sun Life AMC was below our expectations which gives an excellent buying opportunity, said Saurabh Joshi Research Analyst at Marwadi Shares and Finance.

Private banks, power and auto stocks were in the spotlight. Reliance Industries also saw some buying interest initially on the back of two deals in the renewable energy segment but the euphoria soon evaporated.

A total of 449,185 shares changed hands on the counter till 02:07PM (IST).

Coal India shares saw buying on Monday, snapping three days of losing run. The counter was up 4.54 per cent at Rs 197.