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The Indian markets were off day’s lows but still trading in the negative territory in the afternoon session on Friday.
The S&P BSE Sensex was trading over 100 points lower at 38,015 levels and the Nifty50 index was hovering above the 11,160-mark. Asian Paints and State Bank of India (both down 2%) were the top Sensex laggards. On the other hand, Reliance Industries was trading over 4 per cent higher on reports that Amazon is in talks to buy a 9.9 per cent stake in its retail arm. Sun Pharma also rose as much as 3 per cent in early deals.
was trading with marginal gains after announcing its June quarter results while Mphasis rose over 5 per cent after announcing its quarterly numbers.
The trend among Nifty sectoral indices was negative, led by Nifty Bank index and Nifty Pharma index, both down over 2 per cent.
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