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Equity benchmarks as well as broader markets continued to consolidate today after rising sharply in previous two consecutive sessions.The Sensex declined 5.44 points to 23643.78 and the Nifty slipped 3.15 points to 7188.60. Select banks and auto stocks gained while FMCG, pharma and HDFC group stocks were under pressure.
Punjab National Bank gained nearly 5 percent on a media report that the bank may consider selling stake in subsidiaries for raising funds. However, oil marketing companies saw selling pressure with BPCL down 3 percent.
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Posted in: Indian Market Tips
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