The Sensex ended flat on Monday, as a fall in the rupee to a record low hit lenders on fears the Reserve Bank of India (RBI) would hold off from cutting interest rates, while information technology (IT) companies rose on hopes of improving returns from overseas markets.
Rupee fell to a record low against the dollar on Monday, escalating worries about the country's current account deficit and complicating the task for policymakers looking to revive an economy that grew at its slowest in a decade in 2012-13.
The falls also sparked concerns foreign investors would turn net sellers after strong buying this year, offsetting initial hopes that Friday's slightly stronger-than-expected jobs data would reduce the prospect of an early rolldown in the US monetary policy.
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Investors are also focused on key data this week, including industrial output and inflation indicators, which will help set expectations ahead of RBI's policy review on June 17.
The BSE Sensex closed up 0.06 per cent, or 11.84 points, to end at 19,441.07, while the broader Nifty closed down 0.05 per cent, or 3 points, at 5878.00.
The Nifty fell 1.18 per cent to its lowest level since April 18 after all constituents, except HDFC Bank, ended in the red.