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Domestic equity markets tumbled over 1 per cent intraday on Friday. The benchmark indices – Sensex and Nifty50 – gave up their key levels of 60,000 and 17,900. The drag was mainly led by banking and financial services stocks. Auto, FMCG, and Metals stocks too were under pressure as they turned choppy in the afternoon session.
At around 12:40 PM, the BSE Sensex was down 637.45 points or 1.06 per cent to 59,660.55, while Nifty50 was down 188.5 points or 1.05 per cent to 17,767.95. The broader markets followed the benchmark suite as both the Nifty mid and small cap fell by around 1 per cent each.
As man as 10 stocks advanced and 39 declined, while one remained unchanged at around 12:40 PM. IndusInd Bank shares fell most, almost 3.5 per cent, followed by Bajaj twins down between 2.5-3 per cent intraday. Coal India, SBI, Tata Motors, and NTPC each dipped over 2 per cent intraday.
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