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A volatile trading session that saw the key equity benchmark gyrate between gains and losses, ended on a flat note on Thursday.
The benchmark equity indices traded with heavy gains through the day as a dovish commentary by the US Federal Reserve sparked a risk-on rally in the market. However, a capitulation in the European markets saw the benchmark indices give up most of their gains in last hour of trade.
The 30-share S&P BSE Sensex, which saw a 370-point swing, closed 5.11 points, or 0.02 per cent lower, at 24,677.37. The Nifty50 closed above its key support level of 7,500, at 7,512.55. The US central bank maintained key interest rates between 0.25 and 0.5 per cent target and scaled back the number of rate hikes seen by it in 2016.
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