Indian benchmark indices closed lower on Monday after a volatile session, weighed down by a sell-off in metal stocks after the government imposed heavy export taxes on steel products, while gains in automobile stocks helped cap some of the losses.

Dear Trader…                          Indian benchmark indices failed to hold on to their early upsurge and simply lost track to end marginally lower on Monday, dragged by heavy losses in Metal, Basic Materials and Oil & Gas stocks. After making cautious start markets soon traded higher, as traders found some solace with