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Indices end almost flat, Nifty ends below 21,950; IT pivotals drag
The domestic equity indices concluded a turbulent session, hovering around the neutral position with a slightly negative tilt on Wednesday. Traders locked in gains leading up to the RBI's monetary policy announcement on February 8th. While the Reserve Bank of India is anticipated to keep rates unchanged, market attention will be focused on its commentary for potential insights into the future rate-cut direction. The Nifty closed below the 21,950 level, with PSU banks, realty, and media shares experiencing demand, while IT and private banks faced selling.