Sensex closes at 36,134.31; Nifty ends at 10,869.50

The Indian stock market indices BSE Sensex and NSE’s Nifty declined on Tuesday, breaking a six-day winning streak.

The BSE Sensex closed 106.69 points, or 0.29%, down at 36,134.31 and the Nifty 50 ended 14.25 points, or 0.13%, lower at 10,869.50.

The Reserve Bank of India is likely to keep the repo rate unchanged at 6.50 per cent in its fifth bi-monthly monetary policy review on December 5 in the backdrop of retail inflation declining to a one-year low in October and the GDP growing at a slower-than-expected rate in the second quarter.

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Oil prices extended bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. Brent crude oil futures were up 51 cents, or 0.8 per cent, at $62.20 per barrel.

On Monday, domestic markets like stock markets across the world reacted well to signs of easing US-China trade tension as the two countries agreed to halt additional tariffs.

But the domestic markets ended on a flat note on Monday due to the release of weak macro data.