Live Stock Market Updates Market Trades Weak Selling Pressure Persists

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Nifty continues to trade in negative territory during afternoon hours. There are 15 advances and 36 declines in the index reflecting negative sentiments floating in the market. Selling pressure in bank, FMCG and pharma stocks still persists in the post-lunch hour. Bank Nifty index was trading at its low point of the day. The index was down by 338 points at 24567 level.State Bank of India was the top loser in the index trading at Rs 304.4 per share, down by Rs 6.8 per share, or 2.19%. Other bank stocks including PNB, Yes Bank, Bank of Baroda, ICICI Bank and Canara Bank are also trading lower by more than 1%.

Meanwhile, major metal stocks including Hindalco, Vedanta and Tata Steel have been holding their morning gains.The S&P BSE Sensex is trading at 32,026 down 247 points, while Nifty is trading at 9,986 down 70 points. A total of 66 stocks registered a fresh 52-week high in trade today, while 46 stocks touched a new 52-week low on the NSE.

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