The Sensex was up 10 points at 18,528, after having recovered 161 points from the day's low of 18,367.
The Nifty, on the other hand, closed almost unchanged at 5,551. The international cues were not encouraging either.
The European markets opened in the negative while the Asian markets closed mixed. The rally seen on Friday was an abberation in the downtrend as the market resumed its losing streak with the Nifty trading below of the 200-DMA.
Earlier in the day, markets opened higher following firm Asian peers and positive sentiment built in after commodity prices eased last week.
However investors booked profit in the morning session after the steep rally on Friday which saw the market slipping into the negative.
However, after languishing in the negative territory in the early noon trades, the markets rebounded into the positive zone on the back of fresh buying in FMCG stocks and on bargain hunting in pivotals after an intra-day slide.
Adding to the downtrend, foreign institutional investors continued
Markets end on a flat note
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BSE launches mobile-based trading
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FIIs invest Rs 20,600 cr in stocks