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|Sensex retreats after positive start; Bank stocks decline||SIFY|
|After surging higher in early trades on the back of some brisk buying in oil, healthcare, capital goods and automobile sectors, the Indian stock market retreated and slipped into negative territory this morning, with investors turning a bit cautious.
The BSE benchmark Sensex, which declined to 19,842 after surging to 19,981.57 in early trades, is currently down 8.96 points or 0.04% at 19,984.89. The Nifty index of the National Stock Exchange is down 8.65 points or 0.15% at 5873.60, after rising to 5909.20 in opening trades.
Information technology stocks, which opened on a subdued note, have edged higher. Realty, and meal stocks are mixed, while bank and power stocks are trading weak.
Ranbaxy Laboratories and Sun Pharmaceutical Industries are up 2.5% and 2.3%, respectively. DLF, Reliance Industries, HCL Technologies, Jaiprakash Associates, Wipro and Grasim Industries are trading higher by 1% - 1.4%.
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