Markets end flat, Sensex up nearly 50 points; Nifty above 10,850

NEW DELHI: Markets on Monday ended flat with the benchmark BSE Sensex up nearly 50 points amid positive global cues. Sensex closed 47 points or 0.13 per cent up at 36,241, while the broader NSE Nifty climbed 7 points or 0.06 per cent to finish at 10,884. This is the sixth straight gain for the equity indices.

Both BSE and NSE had started on a much stronger note with the 30-share index surging almost 200 points in early trade, but gave up most of their gains in the late morning deals.

Yes Bank, Hindustan Unilever, Vedanta, Bharti Airtel and NTPC were among the major gainers on the BSE platform, rising as much as 4.95 per cent. On NSE, sub-indices Nifty Realty and Metal tracked major profits, gaining as much as 2.41 per cent.

“Truce talks are a big relief for China. There isn’t much for India, it’s more of a sentiment change... Today is all about commodities, they’re doing well because of global trade,” said Naveen Kulkarni, head of research, Reliance Securities.

Investors are keenly awaiting the decision of the central bank’s monetary policy meeting on Wednesday. The latest poll of 70 economists, taken between November 22-28, predicted the Reserve Bank of India (RBI) would hold its repo rate at 6.50 per cent at its meeting.

(With inputs from Reuters)