YES Bank (6.10%), Tata Steel (3.21%) and Vedanta (2.89%) were the top Sensex losers. Of 30 Sensex stocks, 26 closed lower.

RBI, govt signal truce; sends contentious issue of surplus to expert panelSignalling a temporary truce, the Reserve Bank and the government Monday agreed to refer to an expert committee the contentious issue of appropriate size of reserves that the RBI must hold, while restructuring of stressed loans of small businesses would be considered by the central bank. The setting up of the committee, whose members will be decided by the government and the RBI, followed a marathon nine-hour long meeti...