583 stocks hit upper circuit amid subdued market; indices end flat

Shares of as many as 583 stocks, most of them from the small-cap space, were locked at their respective upper circuit on the BSE, in an otherwise subdued market, on Monday. Propelled by this, the BSE SmallCap index hit a new high of 26,168 in the intraday trade on Monday, but closed at 26,068.

Equity benchmarks Sensex and Nifty, on the other hand, slipped from the day’s highs in the closing hours to end flat as profit-booking in mainly IT and metals shares outweighed hectic buying in banking counters. Registering its third loss in a row, the Sensex ended 13.50 points