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Sensex gyrates 370 pts, ends 127 pts down; Nifty holds 17,350; RIL dips 2%

However, healthy buying in the broader market kept overall market breadth in the favour of the buyers

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

MARKET: Sensex 240 pts off lows lifted by HDFC, TCS; broader indices outrun
Stock market updates: Benchmark indices started the week on a choppy note as the gyrated 370 points in the intra-day trade before settling 127 points, or 0.22 per cent, lower at 58,178 levels.

Kotak Bank (up 1.7 per cent), Tata Steel, TCS, and Bajaj Finserv were the top gainers on the 30-share pack while (down 2.2 per cent), ICICI Bank, HUL, HDFC Bank, and M&M ended as the top laggards.

It's NSE counterpart, meanwhile, closed at 17,355 levels, down 14 points or 0.08 per cent. Sectorally, the Nifty Metal index settled over 1 per cent higher while the Nifty Private Bank index slipped 0.5 per cent.

However, healthy buying in the broader market kept overall market breadth in the favour of the buyers. The BSE MidCap and SmallCap indices closed 0.3 per cent and 0.8 per cent higher, respectively, resulting in a advance-decline ratio of 1.1:1 

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