Domestic stocks ended flat on Tuesday, with some early gains fizzling out. The Nifty 50 closed below the 23,300 level after hitting the days high of 23,389.45 in mid-afternoon trade. Media and oil & gas stocks got a lift, while healthcare and FMCG shares lagged. Investors are now focused on global cues, particularly interest rate decisions from the US Fed and Bank of Japan, for clues on the direction of the market. Healthy domestic flows from mutual funds and continued corporate profit growth suggest support for the market in the near term.
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