The domestic stocks closed flat today with a slight downward tilt. After a brief morning rise, the Nifty 50 settled below 24,350, weighed down by profit booking. FMCG and oil & gas stocks found favor, while PSU banks and consumer durables took a hit. The lack of fresh positive triggers seems to be ushering in a consolidation phase. The market's next move will likely depend on upcoming Q1FY25 results before the major budget announcements later this month.
