Sensex continues to be rangebound, Nifty around 10,300; M&M up 2%

The Sensex was down 42.92 points at 33208.01, while the Nifty was down 22.30 points at 10286.70. The market breadth was negative as 1037 shares advanced against a decline of 1524 shares, while 140 shares were unchanged.

Mahindra & Mahindra, the utility vehicle and tractor maker, has announced bonus issue in the ratio of 1 share for every share held.

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