Markets not buoyed by RBI's monetary policy stance; Sensex ends flat

The Sensex, after gaining as much as 197 points, ended four points lower at 36,971. The Nifty, however, rose for a fifth consecutive session to close at a fresh fourth-month high of 11,069

Benchmark indices ended flat despite unexpected rate cut by the Reserve Bank of India (RBI) on Thursday. The Sensex, after gaining as much as 197 points, or 0.53 per cent, ended four points lower at 36,971. The Nifty, however, rose for a fifth consecutive session to close at a fresh fourth-month high of 11,069. The 50-share index gained 56 points during the day but managed to close just up seven points above over its previous day's close. The rate cut and change in the stance to ‘neutral’ with focus on growth was positive from the market point of view, said