Indian Markets end flat after falling over 2% - Cholamandalam Securities

Indian Markets ended on a flat note after a volatile trading session on the back of buying witnessed in software exporters amid expectations of profit margin improvement buoyed by weak rupee.

S&P said near term prospects will be tough for India, whilst BNP Paribas cut India's growth forecast to 3.7% for FY14, also weighed investor sentiment.

Life Insurance Corporation (LIC) was spotted buying shares which allowed main indices to cut losses.

The rupee continued its downward trajectory against the dollar due to month-end dollar demand.

Amongst sectoral indices IT, Healthcare,Metals gained whilst Banking, Realty, Capital goods, Oil & Gas and PSU led the drop.

Source : Equity Bulls

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