Market wrap: Sensex, Nifty end flat; market mcap hits record ₹300 lakh crore mark
Nifty witnessed some profit booking on Wednesday (July 5) amid weak global cues ahead of the minutes of the Federal Reserve's last policy meeting. Moreover, concerns over the global economic slowdown hit the risk appetite of investors after China's services sector data came below expectations. "China's services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum," reported Reuters.
Sensex closed 33 points, or 0.05 per cent, lower at 65,446.04 while the Nifty closed with a mild gain of 10 points, or 0.05 per cent, at 19,398.50. (More to come)Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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