Equity benchmark indices were range-bound on Monday but closed in the green on the back of RBI's liquidity measures and indications of robust corporate earnings.

At the closing bell, the BSE S&P Sensex was up by 296 points or 0.6 per cent at 49,502 while the Nifty 50 ticked higher by 119 points or 0.8 per cent to 14,942.