Sensex down 50 points

The Sensex ended at 35,541, down 80.65 points, while the Nifty closed the first day of the week at 10.796, down 21 points.

Shares of information technology (IT) companies hit record highs. This comes after a rise in prices of Tata Consultancy Services (TCS) and Infosys - that hit a new high on the stock exchange.

TCS hit a new high of Rs 1,871 after the company’s board approved a proposal to buy back up to 76 million equity shares worth about Rs 160 billion. The buyback price has been fixed at Rs 2,100 a share.

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