Mumbai, Oct 12 (TIWN) Stimulus announcements by the Centre did not enthuse the Indian equity markets on Monday, as the key indices closed on a flat-to-positive note.

Significantly, the markets were expecting a higher capital layout for the schemes announced under the stimulus package.  However, buying in IT, pharma, FMCG and other defensive stocks led the market to close on a flat-to-positive note.  The two key indices witnessed a gap-up opening after which the Nifty50 on the National Stock Exchange (NSE) touched the 12,000-mark for the first time since February 2020.  Similarly, the S&P BSE Sensex made healthy gains. It crossed the 40,900 points in early trade.  Nevertheless, profit booking and investors' disappointment over the stimulus package became evident with markets paring their early gains.  Consequently, the S&P BSE Banking index closed at 40,593.80, higher by 84.31 points or 0.21 per cent, from its previous close.