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MTECHTIPS:-Technical Snapshot The Nifty futures, after trading jubilantly in the first half, erased almost their days gains, snapping the session nearly unchanged as investors booked their profit at higher levels. After slipping near intra-days lows in the wee hours of trade, benchmarks slug hard to wind-up in green territory by the close of the trade.The mood remained cheerful in the morning buoyed by strong FII inflows. Provisional data showing that foreign institutional investors (FIIs) remained net buyers of Indian stocks on Wednesday, August 22, 2012, boosted sentiment. Foreign institutional investors (FIIs) bought shares worth net Rs 96.63 crore from the secondary equity markets. Software stocks supported the sentiments through the days trade after minutes from the US Federal Reserve showed that the central banks policy committee discussed a third round of quantitative easing at its last meeting. Moreover, metal space too aided the sentiments garnering over half a percent gains as global commodity futures advanced in Asia on expectations of further easing of monetary policy from US and China.The rupee rose to its best level in more than one week today after the government made it easier for companies to tap overseas funds. The Centre has eased overseas borrowing rules, including allowing nonresident entities to provide some guarantees for external borrowings.