Sensex trades lower, Midcap index falls 1%; IT stocks outperform



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The market extended losses late morning deals due to correction in banking & financials and auto stocks.

The Sensex is trading lower with 150 points loss and the Nifty Midcap index lost a percent.

Market breadth was largely in favour of declines as about three shares declined for every share rising.

All sectoral indices were trading in the red barring IT.

Technology stocks like Infosys, TCS and HCL Technologies were trading with a percent gain.


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