Mumbai: The markets remained flattish for the past five trading days despite continued rally in the US. “The markers are struggling to break the 21,000-mark on the Nifty and we are seeing some consolidation,” said Jaykrishna Gandhi, Head of Business Development, Institutional Equities, at Emkay Global Financial Services. The broader market has seen some rotation with out of favour banks finding some interest and continued selling in the IT space. Oil prices, on the other hand, have corrected sharply and now are around the $70/barrel mark on the back of demand fears and lack of Saudi production cuts. The CPI numbers, both in India and the US, were on line with the expectations as India saw a
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