New Delhi, March 20 -- Key equity indices closed on a flat note on Wednesday owing to high stock-specific volatility, after having surged for the last seven consecutive days.
The BSE Sensex closed on Wednesday at 38,386.75, gaining only 23.28 points, or 0.06 per cent, while the Nifty declined by 11.35 points, or 0.10 per cent.
On stock specific movements, Deepak Jasani of HDFC Securities said that airline stocks like Indigo and Spicejet rose due to expectations of better times for them on account of a supply crunch in the industry caused by Jet Airways grounding many aircraft following financial troubles.
"Jet Airways stock continued to fall as Etihad has shown interest in exiting the company, while the lenders remain hopeful of bringing...