Sensex ends flat as banks recover

Forecasts in the Reuters survey for March ranged from 6.30 to 7.02 percent, suggesting that, while inflation is not about to go off the central bank's radar, it will remain well below the 9 percent levels.

NDTV Profit Desk

11 Apr 2012, 04:44 PM IST

Infosys chief executive officer and managing director S. D. Shibulal

The BSE Sensex recovered at the fag end of the trade and closed flat, led by gains in banking stocks.

Banking shares recovered from earlier losses, on expectation the Reserve Bank of India could cut the cash reserve ratio for banks on or before its April 17 policy meeting.

The Nifty's bank sub-index closed up 0.18 per cent after falling as much as 1.3 per cent earlier.

The shares were down earlier as investors were doubtful of a repo rate cut by the central bank next week and after a tsunami warning following an earthquake in Indonesia.

The country's main 30-share BSE index provisionally closed up 0.03 per cent at 17,248.52 points and the 50-share NSE index rose 0.32 per cent at 5,226.85.