The benchmark indices ended nearly 1 per cent higher on Monday ahead of the outcome of the Reserve Bank of India's (RBI) board meeting.
Over the past few days, the government and the RBI have had discussions in a bid to arrive at a common ground on at least two demands of the government — easing PCA norms for some banks along with aligning the regulatory capital requirement of banks with international norms and a special dispensation for MSMEs.
The S&P BSE Sensex ended at 35,775, up 318 points or 0.9 per cent, while the broader Nifty50 index settled at 10,763, up 81 points or 0.8 per cent.
Among key stocks, YES Bank settled 7.8 per cent higher at Rs 205.95 on the NSE after ICRA Ratings retained its overall long-term rating of 'ICRA AA+' on the bank. The announcement was made on Saturday, 17 November 2018.
Jet Airways fell 6.9 per cent to Rs 322.50 on the National Stock Exchange (NSE) after Tata Sons said on Friday that it was in preliminary talks with struggling Jet Airways but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent.
In key sectors, the Nifty PSU Bank index ended 0.75 per cent lower weighed by Oriental Bank of Commerce and State Bank of India (SBI). On the other hand, Nifty FMCG index rose 1.7 per cent led by a rise in Dabur India and ITC.
The rupee traded on a firm note on Monday after opening slightly weaker. The domestic currency had slipped 72.08 against the dollar in early trade but bounced back to 71.55 in intra-day trade. It had ended at 71.92 against the greenback on Friday.
 "MARKET WRAP: Sensex ends 318 pts higher ahead of RBI board meet outcome")
