Indian market closed flat, Rupee become stronger

After RBI intervene, stronger Rupees and global strength managed Indian market to be close flat. Sensex closed 4 points down at 16, 217 where Nifty closed at 4920 pts after making 4889 intraday low and 4935 as intraday high.

Gail (3.7%), JP Associates (2.94%) are highest gainer in market while Jindal Steel (-2.58%), Maruti (-2.32%), M&M (-2.10%) are among top losers in Nifty 50 Index.

Rupee has become stronger against Dollars and even it touched 55.28 in intra day. Currently, it is trading at 55.41 Rs per USD.