Sensex, Nifty Range Bound; Rajya Sabha to Vote on FDI-in-Retail

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December 7, 2012 4:22 PM EST

The BSE Sensex and Nifty are flat in trade. ITC (ITC.NS) falls around 0.5 percent on profit booking after it touched its all-time high of 303 rupees earlier in the day.

However, four-wheeler stocks such as Maruti Suzuki India (MRTI.NS) gain. Maruti up 3.5 percent on reports of price hike in January.

Bahujan Samaj Party (BSP), which had abstained in Lok Sabha, said it would vote in support of foreign direct investment in the Rajya Sabha on Friday.

Traders say while markets remain susceptible to profit booking after the Sensex rose 5.6 percent till Thursday, since November 22, when the winter session of parliament began, vote on FDI remains the key for near-term direction.

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Copyright 2012 Thomson Reuters. All rights reserved.

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