Indian shares inched higher
in choppy trading on Monday, as a drop in the state-owned
lenders limited gains from the country s information technology
stocks on rising hopes of U.S. rate cuts. .
Sensex, Nifty erode gains to close near flatline indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
The market is likely to get into some momentum after the rangebound trade seen in previous seven trading sessions, by taking cues from several global and domestic factors, experts said.
Indian equities saw a relief rally on Thursday following its global peers and healthy domestic service PMI data, Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial Services said. Markets saw a recovery after two days of fall amid stability in global indices following ease in US Bond yields and a fall in crude oil prices from their recent highs, Khemka said.