Sensex, Nifty end flat in a rangebound session

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The index had risen 582.36 points in the last two sessions after Moody's Investors Service upgraded the country's sovereign credit rating. A bank recapitalization plan announced by the government and last week's India rating upgrade from Moody's Investors Service also buoy investors.

Asian shares started the week on the back foot on Monday, pressured by a retreat on Wall Street amid tax reform uncertainty while the euro skidded after German coalition talks hit an impasse. MSCI's broadest index of Asia-Pacific shares outside Japan extended losses.

The benchmark BSE Sensex added 0.1%, or 17.10 points, to close at 33,359.90, while the broader Nifty 50 edged up 0.2%, or 15.15, to 10,298.75.

The NSE Nifty50 rose by 68.85 points, or 0.67 per cent, to close at 10,283.60 points, while the BSE Sensex closed at 33,342.80 points - up 235.98 points or 0.71 per cent.

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ICICI Bank, Cipla, State Bank of India (SBI), Dr. Reddy's Lab and Infosys were among the top laggards on the BSE market breadth, while Coal India, NTPC, Bajaj Auto and Reliance Industries closed with gains.

Among the gainers, Biocon Ltd rose as much as 6.4 percent after the company's aseptic drug product facility got Establishment Inspection Report with voluntary action by the U.S. Food and Drug Administration.

Biocon surged 7.3% after receiving an Establishment Inspection Report with voluntary action indicated status from the US drug regulator, which clears the way for exports from the company's facility to the U.S.

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