Sensex recovers to end provisionally flat

Mumbai: The Sensex recovered from the day's low to provisionally end flat on Monday led by a rally in public sector banks on hopes that legislation on banking sector reforms would be passed during the current session of Parliament. Earlier in the day, Indian equity benchmarks fell marginally amid choppy trade, following a decline in European markets.

Punjab National Bank rose 2.35 per cent, Bank of India gained 4.3 per cent while Bank of Baroda was up 4.11 per cent. The Sensex provisionally fell 0.16 per cent, while the 50-share Nifty ended up 0.03 per cent.