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indices close flat as fmcg and it stocks weigh on market

Indices closed mostly flat, with the Sensex down 16 points at 80,065 and the Nifty down 36 points at 24,399, as declines in FMCG and IT stocks offset gains in financials and construction. Market sentiment faced headwinds from disappointing Q2 earnings, FII selling, and geopolitical tensions. Analysts anticipate improvement in Q3 FY25, driven by increased government spending, which has only reached 27% of its budget so far this fiscal year.

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