Indian shares close flat

Indian share prices closed marginally lower on Thursday after the markets opened strong following a decision by the US Federal Reserve to keep its benchmark interest rate unchanged, dealers said. They said investors noted that while concerned about inflation, the US central bank was optimistic on economic growth prospects while holding its key rate at 5.25 percent.
The benchmark Mumbai stock exchange 30-share Sensex index closed down 10.23 points or 0.07 percent to 13,771.23, after touching a day's high of 13,976.79. The Fed's "future policy moves will be determined by inflationary trends" which appear stable, said a dealer with brokerage Prabhudas Lilladher.