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Indian markets close flat after early gains Energy and Metal stocks shine


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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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market outlook: Dalal Street Week Ahead: Signs of fatigue all over; watch dollar & bond yields


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Displaying signs of imminent consolidation, Indian equities took a breather during the week gone by and ended with a modest cut. The market breadth remained a bit wider than it was during the week before, as Nifty oscillated in a 533-point range during the week. The five sessions also saw the market close at yet another lifetime high, and then the index pared some of the gains in the following days. From a technical perspective, some fatigue at higher levels was visible as Nifty closed with a net loss of 181.55 points, or 1.20 per cent.
Volatility did not show any spike. INDIA VIX rose just 0.94% to 22.25 level on a weekly note. As we head into the expiry of the monthly derivative series, the market is likely to be dominated by rollover-centric activities in the coming week. The index is likely to move in a defined range in the coming five sessions, with the upside capped. ....

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