New Delhi, July 8 -- On Monday, Nifty50 traded in a narrow range and closed flat amid cautious investor sentiment. The subdued movement was driven by global uncertainty ahead of the US tariff decision, which weighed on risk appetite. While FMCG and Consumption stocks provided support, weakness in IT and Metal stocks capped gains. Low trading volumes and a declining volatility index, with the India VIX near 9-month lows, reflected a wait-and-watch approach ahead of the tariff decision and Q1 numbers.

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On Monday, Nifty50 traded within a narrow intraday range of 83 points, oscillat...