The domestic equity benchmarks clawed their way back from early losses to close slightly higher on Monday. The Nifty 50 managed to stay above 22,000 despite some weakness in IT, FMCG and consumer durables stocks. Investors seem to be in a wait-and-see mode ahead of the US Federal Reserve's interest rate decision on Wednesday. While most expect rates to stay on hold, any hints about future cuts could be a market mover. Shares of mid and small companies continued to see selling as investors remain cautious about stretched valuations.
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