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The Nifty and the Sensex closed flat on Thursday.
The Nifty closed at 5969 down three points while the Sensex closed at 19,664.
Banking and oil & gas stocks were the biggest gainers of the day.
"Indices have been struggling to get a clear direction after unsuccessful attempts to surpass the 6,050 level. High-beta sectors like metals and mid-caps are witnessing profit booking. The sideways trend between 5,900-6,050 could extend to a few more trading sessions. The Government's decision to hike railway fares which will help in achieving fiscal consolidation, failed to enthuse investors sentiment in today’s trade. Quarterly numbers especially that of Infosys will drive sentiment on Friday, "said Amar Ambani, Head of Research, IIFL.
Volatility was flat and the volatility index India Vix closed at 13.27
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