Nifty breaks 9600 amid consolidation; all sectoral indices in red

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Equity benchmarks continued to consolidate in afternoon trade, with the Nifty hovering around 9600 level as investors await June quarter earnings that will begin next week.

The 30-share BSE Sensex was down 26.78 points at 31,194.84 and the 50-share NSE Nifty fell 7.50 points to 9,607.50.

The market breadth was balanced as about 1,210 shares advanced while 1,223 shares declined on the BSE.

All sectoral indices were in red, with the Nifty Bank, Auto, FMCG and Pharma down 0.3-0.7 percent.

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