Volatile markets end on a quiet note

Markets ended on a flat note after swinging between gains and losses through the day as concerns over US debt deal deadlock and losses in heavyweight Reliance Industries weighed.

The Nifty opened in the red following weak global cues, but managed to swing back into the green, to a high of 5,520

in the morning session.

Upbeat results by largest private bank, ICICI Bank pulled the Nifty higher in the afternoon session, but losses in heavyweight Reliance Industries dragged the index in the last leg of the trade.

Finally, the Nifty ended at 5,482, down 6 points and the BSE benchmark Sensex closed at 18,197, down 12 points.