In the late morning session, Indian stock benchmarks continued weaker, with both the Sensex and the Nifty trading in the red. The domestic mood was influenced by mixed signals from other Asian markets.

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On the global front, Asian markets were trading mixed with KOSPI rose 64.50 points or 2.42% to 2,727.84 and Straits Times advanced 67.44 points or 2.08% to 3,317.03. On the flip side, Nikkei 225 slipped 297.80 points or 1.08% to 27,235.80 and Jakarta Composite lost 26.97 points or 0.4% to 6,680.68.

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The Sensex is now trading at 59122.88, down 435.45 points or 0.73% after ranging between 59108.12 and 59557.87. On the index, there were 8 stocks that advanced and 22 stocks that declined.

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The broader indices were trading in red with the BSE Midcap index being down by 0.53%, while the Small cap index was down by 0.06%. The top gaining sectoral indices on the BSE were Auto up by 1.46%, Consumer discretionary up by 0.44%, Consumer Durables up by 0.41% and Metal up by 0.04%, while Capital Goods down by 1.17%, Oil & Gas down by 1.15%, Energy down by 1.01%, IT down by 0.74% and TECK down by 0.68% were the top losing indices on BSE.

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The top gainers on the Sensex were Maruti Suzuki up by 2.49%, Titan Co up by 0.98%, Asian Paints up by 0.76%, ITC up by 0.43% and Mahindra & Mahindra up by 0.42%. On the flip side, HDFC down by 2.95%, NTPC down by 2.63%, Larsen & Toubro down by 2.04%, Kotak Mahindra Bank down by 1.46% and Infosys down by 1.38% were the top losers.

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The Nifty is presently trading at 17659.30, down 120.70 points or 0.68% after ranging between 17651.55 and 17781.15. On the index, there were 16 stocks that advanced and 34 stocks that declined.

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The top gainers on Nifty were Hero MotoCorp up by 3.32%, Bajaj Auto up by 2.57%, Maruti Suzuki up by 2.38%, Titan Co up by 0.91% and Eicher Motors up by 0.81%. On the flip side, HDFC down by 3.00%, NTPC down by 2.80%, SBI Life Insurance down by 2.25%, Larsen & Toubro down by 2.08% and ONGC down by 1.98% were the top losers.