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Stock Market Ends Flat as Auto, Financial Stocks Offset IT Weakness
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INDIA New England News
- Advertisement -MUMBAI– Indian equity benchmarks closed little changed on Tuesday, with gains in auto and financial services stocks offset by persistent selling in IT and FMCG counters.
On the flip side, Axis Bank, Bajaj Finance, Maruti Suzuki, SBI, Kotak Bank, Tata Steel, NTPC, Tata Motors, Mahindra & Mahindra, and Power Grid ended higher.
Nifty Bank gained 225 points (0.41 percent), Nifty Financial Services added 31 points (0.12 percent), and Nifty Auto surged 167 points (0.62 percent).
Meanwhile, Nifty FMCG dropped 725 points (1.29 percent) and Nifty IT fell 251 points (0.71 percent).
Nifty Smallcap 100 lost 97 points (0.53 percent), Nifty Midcap 100 declined 202 points (0.35 percent), and Nifty 100 slipped 48 points (0.19 percent).
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