Indian equity benchmarks were dragged down by a fag-end
sell-off in a choppy session on Friday, with the Sensex closing 49 points
lower.

The BSE Sensex, which traded higher for most of the day,
came under selling towards the end to settle 48.88 points or 0.09% down at
55,769.23. During the day, it touched a high of 56,432.65 and a low of
55,719.36.

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The NSE Nifty also gave up intraday gains and fell 43.70
points or 0.26% to close at 16,584.30.

The broader indices ended in red with the BSE Mid cap
index down by 1.45%, while the Small cap index was down by 1.16%. On the
sectoral front, IT was up by 0.35%, Energy up by 0.28% and TECK up by 0.20%,
while Power down by 2.40%, Basic Materials down by 2.31%, Utilities down by
2.21%, Auto down by 1.74% and Consumer Durables down by 1.58% were the top
losing indices on BSE.

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Major laggards from the Sensex pack were UltraTech Cement
down by 5.49%, Maruti Suzuki down by 2.71%, NTPC down by 2.51%, Axis Bank down
by 2.18%, Bajaj Finserv down by 2.09%, IndusInd Bank down by 1.97%, M&M
down by 1.49% and Bharti Airtel down by 1.37%.

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Among the gainers were Reliance Industries up by 2.02%,
Infosys up by 0.94%, Larsen & Toubro up by 0.85%, Sun Pharma up by 0.63%,
TCS up by 0.63%, Wipro up by 0.34%, Hindustan Unilever up by 0.32% and HCL Tech
up by 0.28%.

The rupee pared initial gains and closed 3 paise down at
77.63 against the US dollar.

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Asian market peers in Seoul and Tokyo ended in the green.
Chinese markets were closed for a holiday.

European markets were trading mostly higher during
afternoon trade. US stock exchanges had ended sharply higher on Thursday.

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Brent crude, the international oil benchmark declined
0.66% to USD 116.8 per barrel.

According to stock exchange data, foreign institutional
investors offloaded shares worth a net Rs 451.82 crore on Thursday.