Stock market news, Dec. 2 -- On Monday, Indian stock markets closed nearly unchanged. The Sensex declined by 64 points to reach 85,642, while the Nifty 50 decreased by 27 points to settle at 26,176. The markets had a strong opening following robust Q2 GDP figures, but the upward momentum diminished as investors began to take profits near record highs.

The positive sentiment was supported by strong domestic demand, particularly in the automotive sector.

According to Abhinav Tiwari, a Research Analyst at Bonanza, the market is likely to remain cautious and range-bound moving forward as all eyes are on the RBI Monetary Policy Committee meeting set for December 3 - 5. Expectations are for a 25 bps rate cut to 5.25% due to decreasing inflati...