Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
The domestic benchmark indices extended their gains to the third day in a row on Monday
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today
Bharti Airtel (up 6.7 per cent) was the biggest gainer on the Sensex today, followed by Bajaj Finance, Bajaj Finserv, Asian Paints, TCS, Titan, and Tech Mahindra
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
The broader markets, meanwhile, outperformed, rising for the fourth straight session
Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)
The Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.
Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent
The 30-share Sensex index declined 300 points, or 0.4 per cent, and closed at 55,329 levels on Friday while the Nifty50 index slipped ended at 16,451 levels, down 118 points or 0.7 per cent
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702
The Nifty Metal index skidded 2.5 per cent
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
On the contrary, broader indices underperformed and ended mildly lower
The Nifty IT index jumped 3 per cent and ended around record high levels of 32,245.
The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.
The BSE Sensex closed at 54,555 levels, up 152 points or 0.28 per cent. The Nifty50 index shut shop at 16,280 levels, up 22 points or 0.13 per cent
Stock market LIVE: In the broader markets, the BSE MidCap and SmallCap indices declined over 1 per cent each
Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.