Benchmark indices were in a volatile mood on Monday as the surprising output cut by oil cartel Opec+ triggered inflation worries among investors while prompting a rethink of their expectations from the outcome of the monetary policy committee (MPC) meeting of the RBI this week.
The 30-share BSE Sensex ended with gains of 114.91 points to close at 59106.44, but it moved in a 412-point range between the highest and lowest points of the day.
The gauge began on a positive note at 59131.16 and came under pressure towards noon falling to a low of 58793.08. It, however, recovered from these lows to hit a high of 59204.82 during the session.
