The stock markets closed flat on Tuesday with the NSE’s Nifty closing five points above its previous close at 5,289.35. The BSE Sensex closed seven points up at 17,569.53.
All the indices closed either marginally in the green or marginally in the red following yesterday's Asian trend.
Experts said trading was lacklustre as the whole world, including the G-20 leaders, were not able to understand the delay caused in taking a firm stance on Greece.
“Italy is already in line after Greece and one does not know if there are more countries in the offing in addition to PIIGS (Portugal, Ireland, Italy, Greece and Spain),” said a dealer from an Indian brokerage. “The existence of the currency ‘Euro’ will come under threat if this spreads.”
The market was range-bound and volatility was a tad up with the India VIX, up 1.2 per cent, to close at 23.71.
Cairn, RCom, RInfra, RPower and SBI were the top gainers on the Nifty while BPCL, Sun Pharma, IDFC, HCL Tech and DLF were the top losers.