Benchmarks end flat, Nifty settles below 22,250; VIX slips below 15
Domestic stock market closed flat on Friday after reaching record highs in early trade. Investor caution prevailed due to upcoming releases of key domestic economic data, leading to a reluctance in taking long positions. The data to be released on 29th February 2024 includes India's Q3 GDP data, fiscal deficit numbers for January, and eight infrastructure industries data. The Nifty50 concluded below the 22,250 mark after hitting a record high of 22,297.50 in early trade. Within sectors, media, realty, and consumer durables shares saw gains, whereas PSU banks and oil & gas stocks experienced declines.
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