Indian shares closed lower on Monday, with losses in auto and financial stocks weighing down the market. The NSE Nifty 50 index and the S&P BSE Sensex both edged down 0.2%. Although the Nifty has gained over 3% and the Sensex is up nearly 3% this month, analysts expect some consolidation after the recent rally. The upcoming US Federal Reserve minutes and several IPOs this week are seen as potential factors affecting market liquidity. IT stocks continued their winning streak, while investors await the US Fed’s meeting minutes for further guidance on interest rates.
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