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Tuesday, March 15, 2016

Equity Tips

Sensex falls 100 pts, Nifty breaks 7450; banks, pharma drag

Equity benchmarks as well as broader markets continued to consolidate with a negative bias. Banking & financials, healthcare and select auto stocks fell while index heavyweights ITC, Infosys and Reliance Industries supported.

The Sensex declined 106.62 points to 24444.55 and the Nifty slipped 25.80 points to 7434.80. The BSE Midcap and Smallcap indices fell 0.7 percent and 0.3 percent, respectively. Shares of HDFC, Sun Pharma, Tata Motors, Lupin, M&M, Dr Reddy's Labs and Bharti Airtel declined 1-2 percent while ITC gained more than 1 percent.

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