Global investment bank Morgan Stanley sees the Sensex trading flat at around 36,000 by June 2019 if the general elections throw up a weak outcome, but cruising to 44,000 if the poll result is strong.
Sensex snapped its 2-week winning streaks to register small losses by 45.26 points to conclude at 36,496.37, while Nifty managed to maintain the key 11,000-level to close at 11,010.20, losing a marginal 8.70 points.
The Sensex rebounded over 145 points while the broader NSE Nifty settled above the 11,000-mark today, driven by a spurt in IT and pharma counters.
Benchmark BSE Sensex rebounded over 145 points to close at 36,496.37 today while the broader NSE Nifty settled above the 11,000-mark on widespread gains led by IT and pharma stocks.
Sensex, which had opened at 36,377.03 points, traded at 36,499.08 points (1.16 pm) -- up by 147.85 points or 0.41 per cent -- from its previous session's close of 36,351.23 points.
The broader NSE Nifty was up 0.57 percent at 11,019.15, as of 0648 GMT, while the benchmark BSE Sensex climbed 0.55 percent to 36,551.05.
Indian equity indices opened on a flat note. Along with global factors, depreciation in the Indian rupee also weighed on the investor sentiments.
Indian markets likely to trade sideways. A word of caution on the street as no-confidence debate starts in parliament today. Asian markets are trading weak.
Sensex ended lower by 22.21 points at 36,351.23, while the NSE Nifty shed 23.35 points to 10,957.10.
Erasing early gains, the Sensex ended lower by 22 points at 36,351.23 in range-bound trade today amid lower-than-expected results.