Markets Close on a Positive Note

Markets flip-flopped between the zones today on mixed cues from global peers.    The Sensex after a firm start dropped into red. The index recovered for a short while only to lose all its gains and touch a low of 20,047. After changing directions at least seven times during the day, the BSE benchmark touched a high of 20,336. BSE Bankex jumped 2.3 per cent following the inflation data which was in-line with analyst's expectations. Government data showed that the inflation in October has risen 8.58 per cent. European stocks have dropped for the fourth straight day on debt worries. Asian markets also ended in red. Hang Seng dropped 1 per cent to 24,027. The Chinese markets had crashed 5 per cent on Friday. The Nikkei and Shanghai Composite on the other hand, added 1 per cent each in trades.