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Post Market Update:Directionless markets end flat

The Indian markets ended the volatile trade on a flat note with a negative bias, with technology shares leading the decline
Indian indices
Indian markets remained lacklustre amid volatile trade and closed the session on a flat note with a negative bias. Investors stayed away from the frontline stocks after the recent upmove. Markets were completely directionless, with no support from the global cues. Technology stocks continued to weigh on the markets. 

However, Midcaps and Smallcaps were star performers and outperformed the Sensex. The BSE Midcap went up by 0.98% and the BSE Smallcap rose by 1.25%.

NTPC, ONGC, TCS, Maruti Suzuki and Sterlite Industries led the Sensex losers pack. While, HDFC Hindalco, Wipro, Tata Power and Bharti Airtel were the major gainers.

The Sensex began the trade on a flat note, down by just 9 points at 19621 on the back of mixed Asian cues. The index traded volatile and hit the day?s low of 19537 in the mid-morning session. Later, the Sensex traded in a tight range amid volatility and the day?s high of 19665 in the afternoon session. The Sensex stood at 19591, down by 21 points and the Nifty declined by 6 points to settle at 5886. 
Global signals
The European markets traded mixed as traders wary that the Portugal bailout may not signal the end of the euro zone sovereign crisis.
The Asian indices closed the session on a mixed note. China's Shanghai Composite closed up 0.22% at nearly a five-month high.
The US stock index futures point to a subdued opening on the Wall Street on Thursday.