Stocks fluctuate as oil, state Assembly elections offset trade truce cheer

FIIs were net buyers to the tune of Rs 2.93 billion, while domestic investors pulled out Rs 8 billion

Stocks were volatile on Monday as the biggest surge in oil prices in two years and uncertainty over the outcome of state elections offset cheer from a US-China trade truce. The S&P BSE Sensex rose 0.1 per cent to 36,241, paring an earlier gain of 0.7 per cent. The NSE Nifty 50 Index rose 0.1 per cent to end at 10,884, after climbing to 10,941. 

Most global markets rallied after the US and China leaders agreed to pause the introduction of new tariffs and intensify trade talks. 

US President Donald Trump and China President Xi Jinping agreed to keep their trade war