The benchmark indices ended marginally lower on Monday on inflation concerns after oil prices surged on reports that OPEC+ is considering deeper output cuts at the 26 November meeting in Vienna to shore up prices.

On the global front, Hong Kong's Hang Seng index jumped 1.86 percent to 17,778.07 after two days of steep losses. The Nikkei average briefly hit a 33-year high before ending down 0.59 percent at 33,388.03 due to profit taking after recent strong gains.

Meanwhile, European stocks were mostly lower in lackluster trade on Monday after last week's sharp rally on expectations that falling inflation across industrialized countries will prompt global central banks to start cutting interest rates next year.

On the other side Oil prices rose on Monday to extend strong gains from Friday. While Gold prices were slightly lower on Monday as risk sentiment improved in equity markets. Spot gold slipped 0.1 percent to $1,978.54 per ounce, while U.S. gold futures were down 0.2 percent at $1,980.55.

Among sectoral indices, the Nifty Auto index declined 0.77 per cent, the Nifty Media 0.53 per cent, the Nifty Metal 0.48 per cent, and the Nifty FMCG index 0.40 per cent. On the upside, the Nifty IT index added 0.57 per cent.

On the corporate front, Shares of Mankind Pharma Limited surged close to four percent to touch an all-time high of Rs 1,998. UltraTech Cement, SBI Life, Mahindra & Mahindra, Bajaj Finance and Adani Enterprises fell 1-3 percent in the Nifty pack, while Coal India, HCL Technologies, Wipro, Bharti Airtel and Divis Laboratories rose 1-2 percent.

The 30-share benchmark ended at 65655.15 down by -139.58 points or by -0.21 % and then NSE Nifty was at 19694 down by -37.8 points or by -0.19 %. During the day’s trade, Sensex touched intraday high of 65844.01 and intraday low of 65547.8 The NSE Nifty touched intraday high of 19756.45 and intraday low of 19670.50.

The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 961.60,+1.48%), HCL Technologies Ltd. (Rs. 1323.95,+1.18%), Wipro Ltd. (Rs. 400.00,+1.16%), Tata Consultancy Services Ltd. (Rs. 3519.30,+0.48%), among others.

The top losers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 7067.30,-2.11%), Mahindra & Mahindra Ltd. (Rs. 1553.85,-1.91%), UltraTech Cement Ltd. (Rs. 8672.85,-1.37%), Bajaj Finserv Ltd. (Rs. 1598.35,-1.05%), Tata Motors Ltd. (Rs. 674.05,-1.02%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4243 , shares advanced were 1988 while 2050 shares declined and 205 were unchanged.