Nifty and Sensex close on a flat note

The Indian benchmark indices went through a volatile ride but at the end, they settled for the day in a positive zone, on Wednesday. NSE’s Nifty closed for the day flat at 11,710.20, after trading in the range of 11,625.10 and 11,802.50. The benchmarks recovered from day’s low and ended on the flat note underpinned by buying activity amid positive trade in other Asian equities.

The market participants were also encouraged by the RBI’s announcement to inject Rs. 12,500 crore liquidity through OMO.

The stocks that helped Sensex end on a positive mark include Tata Steel, Kotak Bank, NTPC and HDFC which grew more than 4.6 per cent, 2.4 per cent, 1.6 per cent and 1.1 per cent, respectively on Wednesday. However, there were many stocks which added pain to the benchmark indices as they slipped sharply. The BSE Sensex stocks which were majorly hit included Yes Bank, down by 5.5 per cent, Tata Motors down by 2.3 per cent, while Bharti Airtel and M&M were down by nearly 1.7 per cent each.

Meanwhile, the Asian markets closed on a positive mark after the European Central Bank President Mario Draghi opened the door for more monetary stimulus.