Markets Close on a Flat Note Recovering From Day's Low

The Indian markets witnessed some recovery in the wee hours of trade to close the day on a flat note. The markets retraced all the lost ground on the back of a return of composure on the global market front and stellar set of numbers from State Bank of India. The Banking, Auto, Consumer Durables and Realty indices are the main gainers in today’s session gaining more than one percentage points which pulled the indices from the days low. The Sensex closed the day in green gaining 3.71 points or 0.02 percentage points to close at 18,073.90. Nifty ends the day at 5416.45 declining 4.15 points or 0.08 percentage points. Market breadth was negative with 1,289 advances against 1,643 declines on BSE. On the global front, European stocks fluctuated as Anheuser-Busch InBev NV led a rally in food and beverage companies, offsetting declines in real estate shares. Asian equities and U.S. index futures fell.