Indian equity benchmarks recovered from losses in the afternoon session but continued to trade below their neutrals The Sensex has dipped below the 57,900 level, and the Nifty was trading below the 17,250 mark.  

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The Sensex was trading at 57,896.97, down by 294.32 points or 0.51% after trading in a range of 57,365.68 and 57,907.96. On the index, only 8 stocks were advancing and 21 stocks were declining while 1 in the index remain constant

The broader indices were trading in red with the BSE Midcap index down by 0.79% and the Small-cap index down by 0.35%.

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The two gaining sectoral indices on the BSE were Bankex up by 0.05% and Telecom was up by 0.03%, while FMCG was down by 1.22%, Capital Goods was down by 1.16%, Industrials was down by 0.91%, Auto was down by 0.89% and Consumer Durables was down by 0.85%.

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The top gainers on the Sensex were Axis Bank up by 2.13%, TCS up by 1.47%, ICICI Bank up by 0.68%, Power Grid Corp up by 0.67% and Maruti Suzuki up by 0.50%. On the losers’ side, Asian Paints was down by 1.88%, ITC was down by 1.84%, Larsen & Toubro was down by 1.48%, Reliance Industries was down by 1.29% and HDFC was down by 1.20%.

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The Nifty was trading at 17,213.25, down by 101.40 points or 0.59% after trading in a range of 17,064.70 and 17,216.40. On the index, 10 stocks were advancing against 40 stocks declining.

The top gainers on Nifty were Axis Bank up by 2.31%, TCS up by 1.47%, Power Grid up by 0.72%, ICICI Bank up by 0.65% and Maruti Suzuki up by 0.56%. Whereas Tata Motors was down by 3.70%, Hero MotoCorp was down by 2.59%, Tata Consumer Products was down by 2.39%, ITC was down by 1.92% and Asian Paints was down by 1.83% were the top losers.

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Asian markets were trading lower; Straits Times trembled 34.91 points or 1.11% to 3,110.90, Jakarta Composite lost 44.23 points or 0.63% to 6,982.55, and Hang Seng was down by 518.00 points or 2.92% to 17,222.05.