Sensex lower, Nifty struggles below 9600 amid consolidation

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Benchmark indices were marginally lower amid consolidation, with the Nifty struggling below 9600 level, weighed by HDFC Group, technology, banks and PSU oil stocks.

The 30-share BSE Sensex was down 32 points at 31,123.91 and the 50-share NSE Nifty fell 26.95 points to 9,591.20 despite positive market breadth.

About 1,327 shares advanced against 1,101 declining shares on the BSE.

HDFC Bank, TCS, HDFC, L&T, ICICI Bank, M&M, Infosys, ONGC and Coal India were down 0.4-1 percent while Reliance Industries extended gains to 2.2 percent followed by Wipro, Sun Pharma and Dr Reddy’s Labs.

In broader space, HPL Electric and Dredging Corporation gained around 10 percent.

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Sensex turns sluggish, Nifty still holds 9300; ICICI falls ahead of Q4 Sensex consolidates ahead of FOMC meet outcome; RBL Bank most active
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