Markets End on a Flat Note

The Indian markets closed the day on a flat note after declining more than two hundred points from the day’s high. The main draggers that took the markets to these levels are the banking, PSU and FMCG indices. The banking index closed the day in red declining more than two percentage points. The Sensex closed the day in green gaining 14.38 points or 0.07 percentage points to close at 19,981.31. Nifty ends the day at 5992.25 declining 0.55 points or 0.01 percentage points. Market breadth was negative with 1,222 advances against 1,701 declines on BSE. On the global front, European stocks fluctuated and U.S. index futures fell as Federal Reserve Chairman Ben S. Bernanke said the world’s largest economy may need more stimulus. Asian shares were little changed.