MARKET LIVE: Indices fall again, Sensex down 300 pts; autos, PSBs drag

 The Indian markets slipped again moments after staging a recovery from the day's trough in Tuesday's noon deals.

The S&P BSE Sensex was down over 300 points and below the 38,000-mark, which it had briefly reclaimed. The index hit an intra-day low of 37,531 earlier in the session. The broader Nifty50 index, meanwhile, fell below the 11,200-mark. Larsen & Toubro and ONGC (both down 2%) were the top Sensex laggards. On the other hand, IT stocks HCL Tech, Tech Mahindra, and TCS rose 1 per cent each.

The trend among Nifty sectoral indices was largely negative, led by Nifty Auto index, down 1.7 per cent. On the other hand, Nifty IT and Nifty Pharma indexes were trading 1 per cent higher each.

The broader market, on the othe hand, languished, with the S&P BSE MidCap and SmallCap indexes trading 0.9 per cent lower, each.

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