Stock Market:  The domestic benchmark indices settled flat after a heavy volatile session. The BSE Sensex closed at 81,510.05, up 0% and Nifty 50 settled at 24,610.05, down 0.04%. 

Shares of Bank of India, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, Kotak Mahindra Bank and Titan were among the gainers. Bharti Airtel, Adani Ports, Tech Mahindra, Reliance Industries, Axis Bank, Larsen & Toubro were the laggards.

In Asian markets, Tokyo, Shanghai and Seoul were in the green, while Hong Kong closed in the red. European markets are trading with losses. Global oil benchmark Brent crude was down 0.17 per cent at $72.02 per barrel.

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"The domestic market concluded on a flat note, a rebound from the lows suggests buy-on-dip strategy... The broader market outperformed, maintaining its positive trend led by mid & small-caps. The IT index reached new highs in anticipation of improvement in US IT spending. Upcoming inflation data from the US and India are critical for insights into potential future rate cuts. India's CPI will serve as a key indicator of underlying earnings growth, which has been downgraded in H1FY25," Vinod Nair, Head of Research, Geojit Financial Services, said.

Foreign institutional investors (FIIs) sold Rs on Monday. Domestic institutional investors (DIIs) bought equities worth Rs 724.27 crore. Shares worth Rs 1,648.07 crore were sold, according to exchange data.

The rupee closed merely 1 paisa higher at 84.85 (provisional) against the US dollar on Tuesday, raising expectations of a change in the Reserve Bank of India's monetary policy.

At the interbank foreign exchange, the rupee opened at 84.80 and touched a low of 84.86 against the greenback in intra-day trade. The unit closed the session at 84.85 (provisional) against the dollar, merely 1 paisa higher from its previous close.

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(With Inputs from PTI)