Banks and pharma drag markets down

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Reliance Industries declined 2.58% and was the top loser in the Sensex pack, which was followed by SBI, UltraTech Cement, IndusInd Bank, NTPC and Sun Pharma. On the flip side, shares of Maruti Suzuki surged over 7% in the day’s trade, while those of M&M and Tech Mahindra gained above 3% and 1%, respectively.

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