Indian equity benchmarks pared most of the losses on Monday to end flat following reports the country may soon abolish export tax on key steel products to revive demand lifted metals stocks, offsetting a selloff in technology companies on demand worries.

Dear Trader… Indian equity benchmarks recouped most of their losses to end flat with a negative bias on Monday, amid heavy selling in TECK, IT and Capital Goods stocks and weak trend in Asian markets. Key gauges made negative start and stayed weak for the better part of the day,