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The Nifty and the Sensex closed marginally in the red on Wednesday following global cues.
The Nifty closed at 5413 down eight points while the Sensex ended the day at 17847, down 38 points.
“European indices were down on profit-booking and some caution ahead of the meeting scheduled today between the Greek Prime Minister and Eurogroup Head,” said Nidhi Saraswat of Bonanza Portfolio.
A hike in insurance and pension sector FDI limits to 49 per cent could not prop up sentiment, dealers said.
Volatility was down two per cent and the India Vix closed at 16.Ranbaxy, BPCL, Bank of Baroda, Infy and Dr Reddy were the top five Nifty gainers while Bharti Airtel, IDFC, Sesa Goa, NTPC and Sterlite were the top five losers.
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