Sensex Down by 110 Points to 32759, Nifty at 10096

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Key Indian equity indices recovered from their day's lows to provisionally close on a flat-to-negative note on Tuesday, even as broadly negative global cues and heavy selling pressure in auto, consumer durables and metal stocks kept market sentiment subdued.

The NSE Nifty opened lower at 10,118.25 and moved in a range of 10,147.95 and 10,069.10, before ending at 10,118.25, down by 9.50 points, or 0.09 percent from its last close.

The RBI's two-day monetary policy review kicks off today and the decision is due tomorrow.

On a closing basis, the wider Nifty50 of the National Stock Exchange (NSE) inched up 5.95 points or 0.06 per cent to 10,127.75 points.

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The Nikkei India Services PMI for November signaled slowdown in demand, further weighing on sentiment.

Any gains in domestic equities are also likely to be capped ahead of the Reserve Bank of India's policy meeting on Wednesday. The broad based Nifty traded near 1-month low.

Market breadth was negative with 1,101 advances against 1,460 declines.

Sector-wise, the S&P BSE IT index gained by 145.14 points, metal index by 68.85 points and Teck (technology, media and entertainment) index by 64.81 points.

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According to provisional data, foreign funds had bought shares worth Rs 306.11 crore on Friday. "On the macro front upcoming RBI policy and Gujarat state election will be an influential factor for investors which is steering the market to consolidate", said Vinod Nair, head of research, Geojit Financial Services.

Other losers included Tata Steel, NTPC, Dr Reddy's, ONGC, Power Grid, Bajaj Auto, L&T, M&M, Asian Paints, HDFC Bank, HUL, Lupin, Coal India, ITC, Tata Motors, Axis Bank, Maruti Suzuki and Infosys, falling by up to 1.71%.

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