<p>Indian shares closed nearly flat on Monday in choppy trading, weighed down by a ratings outlook cut by Moody's Investors Service for the country last week and absence of fresh triggers for investors.</p>.<p>The ratings agency lowered India's ratings outlook to "negative" from "stable" on late Thursday, citing increasing risks that growth in Asia's third-largest economy will remain lower than in the past.</p>.<p>The NSE Nifty 50 index closed up 0.04% at 11,913, while the benchmark BSE index finished 0.06% higher at 40,339.43.</p>.<p>The Nifty private bank index, public sector bank index, and the public sector enterprise index we top gainers, rising 1% to 1.3%.</p>.<p>The Nifty IT index and the fast moving consumer goods index were top losers, each falling about 0.5%.</p>.<p>Meanwhile, the Nifty realty index rose for a third straight session, gaining 0.8%.</p>.<p>Zee Entertainment closed up 6.23% and was the top gainer on the NSE index, while Nestle India was the top loser, posting a 2.5% drop.</p>.<p>Indian markets will be closed on Tuesday for a public holiday.</p>
<p>Indian shares closed nearly flat on Monday in choppy trading, weighed down by a ratings outlook cut by Moody's Investors Service for the country last week and absence of fresh triggers for investors.</p>.<p>The ratings agency lowered India's ratings outlook to "negative" from "stable" on late Thursday, citing increasing risks that growth in Asia's third-largest economy will remain lower than in the past.</p>.<p>The NSE Nifty 50 index closed up 0.04% at 11,913, while the benchmark BSE index finished 0.06% higher at 40,339.43.</p>.<p>The Nifty private bank index, public sector bank index, and the public sector enterprise index we top gainers, rising 1% to 1.3%.</p>.<p>The Nifty IT index and the fast moving consumer goods index were top losers, each falling about 0.5%.</p>.<p>Meanwhile, the Nifty realty index rose for a third straight session, gaining 0.8%.</p>.<p>Zee Entertainment closed up 6.23% and was the top gainer on the NSE index, while Nestle India was the top loser, posting a 2.5% drop.</p>.<p>Indian markets will be closed on Tuesday for a public holiday.</p>