Key benchmark indices retreated from record highs hit earlier in the session to end flat as profit-taking hit blue chips such as Infosys Ltd(INFY.NS) on caution ahead of the release of IIP data tomorrow, quarterly earnings and inflation data next week. CNX Nifty shut shop almost flat at 6796.4.
The Adani group companies surged on what traders attribute partially to the view that the group would perform well should the Bharatiya Janata Party led by Narendra Modi win elections, given perceptions of close links. The market breadth, indicating the overall health of the market, was positive, but in Nifty50 stocks the advances to declines stands at 23 advances to 27 declines.
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