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Equity benchmarks continued to see selling pressure as assembly
elections counting started showing results. BJP is likely to get majority in
Assam while Congress is seen losing in all five states.
The 30-share BSE Sensex fell 103.70 points to 25600.91 and the
50-share NSE Nifty declined 31.45 points to 7838.70.
The market breadth was marginally positive as about 889 shares
advanced against 712 declining shares on Bombay Stock Exchange.
Parag Milk Foods debuted on the bourses at Rs 217.50, up over 1
percent from its issue price of Rs 215 per share.
However, the stock quickly climbed within minutes of listing,
gaining over 13 percent touching intraday high of Rs 242.70 per share.
ITC, HDFC, HDFC Bank, Asian
Paints, Axis Bank, ICICI Bank, SBI and TCS were down 0.3-1.6 percent while Tata
Motors, Lupin and Tata Steel gained 1-2 percent.
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