In the mid-day session, Indian equity benchmarks continued their
weak trade on the back of sustained selling activities by market-participants amid
weakness across Asian peers.

Asian markets are trading mostly in red with KOSPI falling
22.55 points or 0.96% to 2,317.72, Taiwan Weighted dropping 389.91 points or
2.72% to 13,950.62, Shanghai Composite losing 30.93 points or 0.93% to
3,282.65, Hang Seng decreasing 273.15 points or 1.29% to 20,851.05 and Nikkei
225 was down by 475.64 points or 1.77% to 26,336.66.

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Sensex is presently trading at 54,120.40, down by 274.83
points or 0.51% after trading in a range of 54,054.47 and 54,236.49. On the
index, there were 8 stocks that advanced, 21 stocks that declined while 1 stock
remained unchanged.

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The broader indices were trading in red with the BSE Mid
cap index losing 0.24%, while Small cap index was down by 0.10%. The top
gaining sectoral indices on the BSE were Utilities up by 1.89%, Power up by
1.82%, Telecom up by 1.59%, Oil & Gas up by 0.25% and Energy was up by
0.23%, while Metal down by 1.34%, Basic Materials down by 0.84%, Auto down by
0.77%, FMCG down by 0.71%, Consumer Discretionary was down by 0.67% were the
top losing indices on BSE.

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The top gainers on the Sensex were NTPC up by 2.08%, Axis
Bank up by 0.57%, Bharti Airtel up by 0.48%, Wipro up by 0.44% and Dr. Reddy’s
Lab was up by 0.23%. On the flip side, Tata Steel down by 1.44%, Hindustan
Unilever down by 1.28%, Infosys down by 1.18%, Asian Paints down by 1.16% and
ICICI Bank was down by 1.05% were the top losers.

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Nifty is now trading at 16,122.55, down by 93.45 points or
0.58% after trading in a range of 16,103.35 and 16,158.75. On the index, 13 stocks
advanced and 37 stocks declined.

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The top gainers on Nifty were NTPC up by 1.69%, Adani Ports
up by 1.14%, Apollo Hospital up by 0.92%, Coal India up by 0.75% and Axis Bank
was up by 0.60%. On the flip side, Hindalco down by 2.79%, BPCL down by 1.80%,
UPL down by 1.71%, Eicher Motors down by 1.64% and Britannia Inds was down by
1.50% were the top losers.