Domestic benchmark indices erased most of their intraday losses to close on a subdued note, supported by buying interest in IT and pharma counters, although weakness in banking, auto and metal shares capped the recovery. The Nifty 50 edged up 6.45 points, or 0.03%, to settle at 23,649.95, while the BSE Sensex slipped 77.05 points, or 0.10%, to end at 75,315.04. Meanwhile, the volatility gauge India VIX ended at 19.63, up by 4.47% from the last closing.
Here's how analysts read the market pulse:
