Markets End on a Flat Note

Markets remained muted to the RBI policy announcement, as the rate hike was very much on expected lines. The Sensex surged to a high of 20,418 as RBI's move signaled a pause in its policy tightening measures in its next review this December. However, it erased gains in late-noon trades and slipped 136 points from the high. Global markets today will be watching closely the Fed action. It has been speculated, that the Federal Reserve may resume an ambitious program of large-scale asset purchases to stir the sluggish US economic recovery out of its doldrums. The main gainers are the Consumer Durables and Capital Goods indices closing the day gaining more than one percentage points. The Sensex closed the day in red declining 9.94 points or 0.05 percentage points to close at 20,345.69. Nifty ends the day at 6119 gaining 1.45 points or 0.02 percentage points. Market breadth was negative with 1,382 advances against 1,577 declines on BSE.