The Nifty and the Sensex closed flat after a volatile trading session on Monday. The Nifty closed at 5571 down three points while the Sensex closed at 18339, up 30 points.
“On the global front, the European stocks were trading higher as of news of the talks between US president and the leaders to cut the fiscal cliff and to reach on a deal for a new budget. The US futures were also trading higher. Now the investors may wait for the outcome of the US existing home sales data” said Alex Mathews, Head Research, Geojit BNP Paribas Financial Services.
Volatility was up three per cent and the volatility index India Vix closed at 16.68.
All the indices fluctuated throughout the trading session and closed flat. Auto and FMCG stocks were the largest gainers of the day.