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.
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The crucial resistance for Nifty SPOT is now seen at 7550 and above this 7634. Support for the immediate term is now placed at 7470 and next support will be 7405.
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