The domestic stock market closed slightly lower on Tuesday after a four-day winning streak. IT and FMCG stocks led the decline while PSU banks, auto and oil & gas stocks bucked the trend. The Nifty 50 index failed to hold above 22,400. Investors remained cautious due to upcoming events: Federal Reserve Chair’s testimony and key U.S. jobs data. The Chinese National People’s Congress is also being closely monitored as potential economic reforms in China could impact global markets.
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