Tata Motors share price declined 1.1 percent on Monday while broader market remained rangebound and closed almost flat.

Tata Motors share price closed around its one month highs. The automobile major has recovered from yearly lows at Rs 535 over the last few weeks.

Indian markets are expected to trade positive today as overall sentiment has improved.

Tata Motors share price jumped 4.44 percent as value buying emerged at multiple-month lows for the automobile major.

Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Motherson Sumi and other shares in automobile sector were among major losers.

Tata Motors and Hyundai Motor India reported decline in sales while Mahindra & Mahindra continues to grow its numbers.