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The Indian equity market closed with modest gains amid a choppy session. Nifty managed to hold on to the 7500 mark as sentiment got a boost after the WPI fell for the 16th straight month in February, dropping to -0.91% com- pared to -0.90% in January.

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The Indian stock market ended with handsome gains ahead of the RBI policy review tomorrow. Indices extended their winning streak for the second consecutive trading session today amid positive global cues and firm rupee.

Finally, the BSE Sensex ended today’s trading with a loss of 439 points at 27,643. It opened at 28,043, touched an intra -day high of 28,043 and low of 27,643. The NSE Nifty closed with a loss of 135 points at 8,573. It opened at 8,672, hit an intra-day high of 8,682 and low of 8,541.

The Indian equity market continued on yesterday’s lackluster note and lost further ground today. After opening on a flat note, indices remained under pressure and slipped lower in the second half. Weak global cues, coupled with lower crude oil prices, rupee and profit booking weighed on the domestic markets.

ndian equities snapped their three-day winning streak; the market was weighed down on profit-booking particularly in IT, banking and technology stocks.

The Indian stocks rallied for the third consecutive day today after the (RBI) cut its key lending rate or the repo rate by 25 basis points to a six-year low of 6.25%, from 6.5% earlier.

The week began with a gap up opening on Monday and the index rallied higher, indicating an attempt by the bulls to resume the higher degree trend. A sustained upward move was seen on Tuesday as well. However, on Wednesday the index opened near the resistance zone of 8800 – 8825 and then was corrected marginally.

The Nifty spent expir y week under pressure and witnessed a sudden sell-off on Thursda y due to escalated tensions with the neighbouring country. The Nifty breached its crucial support of 8700 and tested the low of 8550 on Thurs- day itself. The decline in the index led the Nifty to give its first negative monthly closing in seven months

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