Indices post modest gains amid mixed global cues; Ultratech Cement up 3%

Benchmark indices Sensex and Nifty edged higher on Monday following gains in IT, energy and auto stocks amid a firm trend in European markets.

In a largely range-bound session, the 30-share BSE Sensex ended 85.88 points or 0.14 per cent higher at 61,308.91. As many as 19 of Sensex stocks advanced while 11 declined.

The broader Nifty rose by 52.35 points or 0.29 per cent to 18,308.10 points as 34 of its components advanced. Nifty opened flat, fell in the early trade and kept bouncing up from intraday falls before closing in the green.

Ultratech Cement was the top gainer in the Sensex