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Sensex, Nifty End On Flat Note

Indian shares ended largely unchanged on Tuesday after steep losses in the previous session on concerns over certain Union Budget proposals, including the raising of tax incidence on super rich.

The benchmark S&P BSE Sensex inched up 10.25 points or 0.03 percent to 38,730.82 while the broader NSE Nifty index ended down 2.70 points at 11,555.90.

Titan Company shares slumped 12.3 percent after the watch and jewelry maker warned of tough conditions in the first quarter.

Tata Consultancy Services fell 2.6 percent ahead of its June quarter earnings due later in the day.

HCL Technologies, GAIL and UPL lost 2-4 percent while Bajaj FinServ, Hero MotoCorp, Sun Pharma, Bajaj Finance and IOC climbed 3-6 percent.

Globally, Asian markets fell broadly as sentiment turned cautious ahead of Fed Chairman Jay Powell's two-day testimony to Congress on Wednesday and Thursday, with markets waiting to see whether the language will be dovish enough after the release of a stronger-than-expected jobs report.

European stocks fell after losses in Apple shares pressured the broader tech sector on Wall Street overnight and chemicals major BASF warned profits would nearly halve in the second quarter.

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