Markets settle the day flat as investors await Fed policy decision

HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex

In a choppy session, benchmark indices settled the day flat with Nifty settling above the 9,300 mark ahead of Federal Reserve’s policy  decision due tomorrow. Fed is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June.
 
The indices gained nearly 150 points in the early morning trade but later fell on concerns over corporate results  although losses were capped as some auto makers rallied after posting jumps in April sales.
 
The BSE Sensex settled the day