From India TV
Owned by Independent News ServiceSensex erases intraday gains to settle almost flat, Nifty ends near 25,300, auto index drops over 1%
What's behind this
On Thursday, India’s benchmark equity indices extended their winning streak to a third consecutive session, with the BSE Sensex gaining 31.61 points, or 0.04 per cent, to close at 81,911.01, and the NSE Nifty rising 44.30 points, or 0.18 per cent, to finish at 25,299.35. The modest advances were attributed to continued foreign fund inflows and a decline in crude oil prices, which helped keep the market sentiment positive.
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RSS excerpt
Benchmark indices Sensex and Nifty ended almost flat amid profit-taking in IT, FMCG and automobiles following the recent sharp rally. The 30-share BSE Sensex closed 31.61 points or 0.04 per cent higher at 81,911.01. During the day, the benchmark hit a high of 82,325.61 and a low of 81,576.15…