It was yet another lackluster day for the Indian equity markets. The session started on a positive note but ended on a flat to negative note. Consolidation continued on Dalal Street for a fourth straight trading session as investors continue to tread cautiously amid persistent headwinds for the domestic economy and partly due to continued uncertainty over the proposed GAAR regulations. The GAAR issue coupled with the controversial Vodafone tax case have prompted FIIs to scale down their activity in local markets after three straight months of strong inflows. This led the midcap and the small-cap counters to close flat to positive. (Pic. Source- bseindia.com)
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