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The benchmark indices on Friday continued to trade lower as investors kept to the sidelines ahead of the Reserve Bank of India's policy meeting next week.
At 1:45 pm, the S&P BSE Sensex was trading at 28,195, down 31 points, while the Nifty50 was ruling at 8,705, down 9 points.
In the broader market, BSE Midcap and BSE Smallcap indices outperformed the frontline indices to gain 0.8%, and 1%, respectively.
The market breadth, indicating the overall health of the market, was strong. On BSE, 1,576 shares rose and 1,035 shares fell. A total of 130 shares were unchanged.
"The market is consolidating after the
