The equity markets closed flat after trading rangebound throughout the day. Oil & gas, realty and metal sectors were the best performers of the day trade while capital goods, banking and FMCG sectors lost substantially.
In India, we are just two weeks away from the Union budget and the markets could even start factoring or basing expectation from it. People would watch out for government's stance on the fiscal deficit. Caution is advised to the traders in the Indian markets. For intraday trading tomorrow Nifty could find support levels at 5,330-5,280 and on the upside, and resistance exists at 5,450-5,500 levels.