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Indian stock market consolidates amid weak global cues

BNE News Desk


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Mumbai: The Indian stock market benchmarks continued to consolidate for the second consecutive session on Tuesday, June 11, amidst weak global cues. 

Despite opening higher and trading positively for most of the session, equity benchmarks—the Sensex and the Nifty 50—ended flat due to profit booking in the absence of fresh triggers.

Investors have been booking profits in large-cap stocks as market focus shifts to the new government's policy decisions, the upcoming union budget, and global influences. Select heavyweights from various sectors, including Reliance Industries, ICICI Bank, and ITC, were among the top drags on the Sensex.

The Sensex opened 191 points higher at 76,680.90 against its previous close of 76,490.08, climbing about 370 points to hit an intraday high of 76,860.53.

However, profit booking towards the end of the session led the index to close 33 points, or 0.04 percent, lower at 76,456.59.

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BNE News Desk