Caution prevailed on sustained outflows by foreign funds and a mixed trend in global markets ahead of the outcome of the US Fed's two-day policy meet later in the day, brokers
said.

Moreover, a weaker rupee, which depreciated 24 paise to 68.07 against the dollar (intra-day), weighed on sentiment. The 30-share index, which had gained 523.74 points in the previous two sessions, edged higher by 6.44 points, or 0.03 percent, at 24,492.39. The gauge had surged nearly 160 points to touch the day's high of 24,645.70 and a low of 24,458.13,
intra-day.

The broader NSE Nifty after shuttling between 7,477.90 and 7,419.70 finally settled higher by 1.60 points, or 0.02 percent, at 7,437.75. Trading sentiment, which remained upbeat at the outsetin tandem with a firming trend at other Asian bourses and overnight gains in the US on the back of a rally in crude oil, turned somewhat weak as participants rushed to lock in gains
ahead of tomorrow's monthly expiry, which wiped off the gains.

Foreign portfolio investors net sold shares worth Rs 91.15 crore on Monday, as per provisional data from stock exchanges. Stock Exchanges were closed yesterday for the Republic Day.

Support came from gains in NTPC, Dr Reddy's, Sun Pharma, Tata Steel, Tata Motors, Wipro, ITC Ltd, SBI, GAIL, TCS, Maruti Suzuki, ICICI Bank and Infosys.

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