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Stock Market Live: Equity benchmark indices edged lower on Friday as weakness in select banks and NBFC stocks sobered up investor mood. The BSE Sensex fell 150 points to 65,825 and the NSE Nifty50 slipped 48 points to 19,717.
Nifty losses were led by SBI, Bajaj twins, Axis Bank and HDFC Bank, which declined up to 3 per cent, as RBI raised risk weight for consumer loans including credit cards.
The RBI mandate sent SBI Card spiralling 6 per cent lower. Asian Paints rose 3 per cent after Macquarie said the company announced 1 per cent price cut effective Nov 1.
The broader markets were also tepid. The BSE MidCap index dipped 0.2 per cent and SmallCap pocket was flat.
Among sectors, financials were the weakest with Nifty PSU Bank index slipping 2.44 per cent. Nifty Bank shed 0.8 per cent.
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