By Manoj Dharra
MUMBAI (Reuters) - The BSE Sensex and Nifty ended higher on Monday, led by gains in export-driven technology shares such as Infosys due to rupee's weakness versus dollar, while reports of a stake sale to Etihad Airways buoyed Jet Airways stocks.
However, the market is still cautious and focusing on the outcome of Greek aid negotiations as euro zone finance ministers and the International Monetary Fund will meet later to try to unfreeze the second bailout package for Greece.
Analyst are hoping the government will be able to manage some reforms as there no choice left given the current account deficit, given both the houses of the parliament were adjourned on the third day of winter session.
"There are strong expectations from the winter session. At least FDI in multi brand should go through otherwise market will remain stagnant till next RBI meeting," said G. Chokkalingam, executive director & chief investment officer, Centrum Wealth Management.
The benchmark BSE Sensex ended up 0.16 percent, or 30.44 points, to end at 18,537.01.
The 50-share Nifty also rose 0.17 percent, or 9.30 points, to 5635.90.
Struggling Indian carriers Jet Airways
Jet Airways shares rose 10.9 percent while SpiceJet ended 13 percent higher.
GlaxoSmithKline Consumer Healthcare Ltd
Export-driven technology shares rose following weakness in the rupee. Infosys
Shares in United Spirits
However, among stocks that fell, shares in state-run Hindustan Copper Ltd
The government raised 8.1 billion rupees by selling shares of Hindustan Copper on Friday, kick-starting a stalled divestment programme that is crucial to reining in a ballooning fiscal deficit.
Shares in Mahindra & Mahindra
Brokerage Edelweiss said in a note Aston Martin would require significant investments in research and development, and benefits of technology transfer to the Indian tractor and utility vehicle maker's product portfolio was "questionable" given little similarity between portfolios.
(Additional reporting by Abhishek Vishnoi; Editing by Anand Basu)