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Among some of the important stocks that are in focus include Bharti Airtel, Gland Pharma, Zydus Lifesciences and more.

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GIFT Nifty trades flat, indicating a muted start for the Indian market

The Nifty50 turned range-bound with a positive tilt on Monday following two sessions of severe weakening. Despite starting the day sluggish, the index made a strong recovery from its low of 25,645 in early trading.

The Nifty ultimately closed close to the day’s high, up 41 points at 25,763, after the comeback lost some of its momentum in the second half.

West Texas Intermediate traded near $61 a barrel, while Brent settled just below $65 on Monday. The Organization of the Petroleum Exporting Countries and its allies said at the weekend they planned to hold back from lifting production quotas in the first quarter. That came as the market is widely expected to be headed for a glut.

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