The domestic equity benchmarks ended with significant cuts on Monday, led by weakness in banks and financial shares. After the hitting the day's low of 14,459.50 in mid-morning trade, the Nifty pared losses and closed above the 14,600 mark. IT and metal stocks bucked the broader selloff. A spike in domestic coronavirus cases and fresh curbs imposed by the state government dented investors' sentiment. As per provisional closing data, the barometer index, the S&P BSE Sensex, slumped 870.51 points or 1.74% to 49,159.32. The Nifty 50 index tumbled 229.55 points or 1.54% to 14,637.80. In broader market, the S&P BSE Mid-Cap index slipped 1.13% while the S&P BSE Small-Cap index declined 1.08%.