Mumbai (Maharashtra), Aug. 27 -- : Equity benchmark indices oscillated between gains and losses on Tuesday but closed with a positive bias due to a rally in auto, FMCG and metal stocks.

The overall market sentiment was good a day after the Reserve Bank of India (RBI) decided to transfer Rs 1.76 lakh crore surplus to the government, a move investors believed will ease fiscal deficit worries and provide a greater room for more stimulus measures to perk up the economy.

The BSE S&P Sensex closed 147 points higher at 37,641 while the Nifty 50 moved up by 48 points to 11,105.

At the National Stock Exchange (NSE), sectoral indices were mixed with IT, media and pharma in the red. However, Nifty PSU bank gained by 2.6 per cent, metal by 2.1 per c...