"The central bank's two-day policy meet is scheduled to begin on Tuesday", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
Investors maintained their cautious stance ahead of RBI policy decision tomorrow.
After a strong start at 32,968.02, the Sensex reclaimed the 33,000-mark to hit a high of 33,008.62 points but profit- booking at higher levels capped the gains.
Meanwhile, services sector activity slipped into the contraction territory during November, post the implementation of the Goods and Service Tax (GST) that led to sluggish demand and lower customer turnout, a monthly survey said. "On the macro front upcoming RBI policy and Gujarat state election will be an influential factor for investors which is steering the market to consolidate", said Vinod Nair, head of research, Geojit Financial Services.
Pontiac Silverdome Fails To Implode During Planned Demolition
A demolition crew has made a second attempt at a partial implosion of the Pontiac Silverdome - and this time, it worked. Crews were to partially implode the mechanical equipment platform at the top of the 400,000 square foot building.
Losers included Wipro, Hero MotoCo, ONGC, Tata Steel, UPL, Eicher Motors, NTPC and Dr Reddy's. Bucking the trend, SBI topped the gainers list by rising 1.92%, while Bharti Airtel gained 1.18%.
Market breadth was negative with 1,101 advances against 1,460 declines.
The NSE Nifty50 inched up 5.95 points or 0.06 per cent to 10,127.75 points, while the BSE Sensex closed at 32,869.72 points - up 36.78 points or 0.11 per cent. The S&P500 index fell 0.11 per cent to 2,639.44 after touching a record high earlier in the session.
The Nifty mid-cap index rose by 0.03 per cent, while small-caps fell 0.25 per cent.