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The S&P BSE Sensex traded rangebound after surging over 100 points in trade on Monday following positive trend seen in other Asian markets.The 50-share Nifty index reclaimed its crucial psychological level of 8,200.

Vedanta and Tata Steel were the top gainers on BSE benchmark, gaining 4.8 and 2.5 per cent, respectively. Among the sectoral indices, BSE Metals was the top gainer while BSE IT index was the top laggard. 

Unichem Laboratories Ltd, a mid-sized Indian drugmaker, jumps as much as 3 pct to 315.75 rupeesThe drugmaker is exploring a sale of its domestic formulations business, and its proposal "is being studied" by private equity firms and strategic investors, the Economic Times reported on Monday, citing unnamed sources.