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Indian markets close flat after early gains, Energy and Metal stocks shine
The 30-Share pack BSE Sensex closed at 49,751.41, up 7.09 points, Nifty-50 closed at 14,707.80, adding 32 points
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Traders witnessed some relief as markets ended the losing streak and closed flat with positive bias on Tuesday, February 23. The BSE Sensex, in the early trade, reached the day s high of 50,327 but ended up seeing all the gains wipe off as the banking stocks declined and weighed the index.
Rising bond yields and spike in Covid cases continued to keep the market sentiments negative even after the market showed green shoots in the early trade backed by the gains seen in the Asian markets. Further, the cash flow from foreign investors into Indian equities also saw a decline. Positive global news and good movements in prominent sectors could bring the market back on track, said market analysts. ....

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