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Friday, November 4, 2016

Nifty holds 8450 amid pressure; FMCG stocks rally, pharma cracks



Equity benchmarks continued to fall amid consolidation and mixed Asian cues. FMCG stocks rallied after GST panel fixed rates yesterday while pharma stocks were under pressure on reports of US probe in drug pricing.


The 30-share BSE Sensex was down 45.85 points at 27384.43 and the 50-share NSE Nifty fell 22.55 points to 8462.40 while the broader markets continued to underperform benchmarks. 


The BSE Midcap and Smallcap indices were down around a percent each. About 1421 shares declined against 699 advancing shares on the exchange.







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