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Sensex, Nifty extend losses as RBI holds rates; IT stocks slide

Indian stock market`s indices Nifty, Sensex, Banknifty extended Thursday’s decline after RBI paused rate cuts, while weak US markets and Asian selloff weighed on sentiment. with IT stocks and other sector also hits as global cues weighing on sentiment

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Sensex down by 115 points on Friday; Nifty trades just above 25,500 on Friday. Representational image

Sensex down by 115 points on Friday; Nifty trades just above 25,500 on Friday. Representational image

After the stock market on Friday opened at a downward trend, the benchmark indices Sensex and Nifty continued to trade lower during the afternoon. 

As reported by news agency PTI, the downward trend of the market indices is after the RBI decided to pause on the policy rate front, with IT heavyweights facing selling pressure amid a weak trend in the US equities. Fresh foreign fund outflows also dented investors` sentiment.

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