Markets end lower amid volatile trading session: The markets took a pause, amid a volatile session of trade, as they sought to digest the stupendous gains witnessed in the previous session. The rate-sensitives came under selling pressure after their recent gains. On the other hand, The IT index gained nearly 1% as the dollar rose to almost a one-week high against a basket of currencies, recovering from a four-month low. Snapping a 2-days rally, the Sensex ended at 27,645, lower by a modest 41 points and the Nifty settled at 8,365, down 8 points. The broader markets also ended on a listless, albeit a divergent note; the small-cap index gained 39 points, while the Midcap index shed 16 points.