After rising to 19,978.49 in early trades, the Sensex is now up 1.36 points or 0.01% at 19,921.57.
The Nifty is up 6.95 points or 0.12% at 5899.40.
Realty, capital goods, automobile and power stocks have edged higher, while
oil, FMCG and IT stocks are subdued.The Indian stock market is likely to move sideways amid cautious trades. Some volatility is likely due to near month derivatives expiry this Thursday.
Bargain hunting and short-covering may lift prices of some front line stocks. Worries about near term economic outlook and fears of a further hike in policy rate may prompt investors to stay cautious at higher levels.
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