Sensex falls 100 pts, Nifty tests 10,600; banks, auto stocks drag

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Benchmark indices traded lower in late morning deals, with the Nifty testing 10,600 level amid volatility. Banks and auto stocks drove market lower.

The 30-share BSE Sensex was down 94.86 points at 34,348.33 and the 50-share NSE Nifty declined 31.50 points to 10,605.50.

About three shares declined for every two shares rising on the BSE.

The most active stocks were Welspun India which zoomed over 10 percent followed by Suzlon Energy, Reliance Communications, Unitech and JP Associates. More than 100 stocks hit a fresh 52-week high on the NSE while nearly 300 stocks hit record fresh 12-month high on BSE.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300