Nifty closed almost flat after oscillating between gains and losses throughout the session, reflecting indecision among investors. Buying interest emerged at lower levels, but higher zones witnessed consistent resistance.
Sectorally, selective buying was seen in pharma and PSU stocks, while weakness persisted in financials and auto counters. The broader sentiment remained cautious amid lack of strong global or domestic cues.
Market analysts believe Nifty is currently in a consolidation phase. A decisive breakout on either side is expected only after clarity emerges on global macro indicators and upcoming corporate earnings announcements.
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