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Markets close flat, Sensex above 33600-mark

Markets close flat, Sensex above 33600-mark

The RBI said, "On the basis of an assessment of the current and evolving macroeconomic situation1 at its meeting today, the Monetary Policy Committee (MPC) chose to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent". Adani Ports, Cipla, Reliance Industries, Bajaj Finance, Sun Pharma were the other prominent gainers in the Nifty.

Positive global cues as trade war worries between the USA and China faded too bolstered trading sentiment. In the February meeting, the bank's Monetary Policy Committee had voted for a pause in the monetary policy with the exception of RBI executive director Michael Patra who voted for a 25 basis points hike.

Asian stock markets are edging higher on Thursday following the strong rebound on Wall Street overnight. Among the sectoral indices, BSE Metal was down 2.75 per cent, followed by Consumer Durables (-2.55 per cent), Basic Materials (-2.07), Capital Goods (-1.95) and Bankex (-1.63).

Russia Shows Off Test-Launch Footage Of Its 'Satan 2' Long-Range Missile
The Sarmat system is "powerful and modern and defense systems will not be able to withstand it", Putin said earlier in March. Putin has made much of developing such "invincible" systems as a counter to costly USA missile defense programs.

Consequently, Nifty closed flat at 10,332, while the Sensex settled with a slight gain of 30 points, or 0.09 per cent, at 33,627. The gauge had lost 351.56 points in the previous session.The barometer had lost 351.56 points in the previous session. Intra-day, it shuttled between 10,290.85 and 10,350.45. At 9:20 am, Sensex was trading at 33,582, down 14 points, while the broader Nifty50 was ruling at 10,312, down 12 points.

The tension could also be felt on the Chinese yuan, which suffered its biggest daily fall versus the dollar in two weeks. The German DAX dropped 0.4 percent and France's CAC 40 index slid 0.2 percent while the U.K.'s FTSE 100 inched up 0.1 percent. -China trade war concerns.

The nervousness was seen on other bourses with European markets trading in the negative zone in early deals.

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