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Indian equities consolidate as year end caution caps momentum
Sensex and Nifty traded flat as global growth optimism clashed with foreign outflows, leading to mixed sectoral moves and a consolidation phase in year-end trade.
Indian equity benchmarks traded in a narrow range on Wednesday as investors balanced global optimism with local headwinds. The Sensex hovered near the flat line, while the Nifty slipped below the 26,200 mark, reflecting indecision after a muted previous session. Stronger than expected U.S. growth data briefly lifted risk appetite, but persistent foreign institutional selling and thin year end volumes limited follow-through buying.