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Nifty Fail to Break 5200

Weak global cues and profit booking and RIL-RNRL case Sensex closed at 17223, down 103 points and Nifty at 5114, down 27 points from the previous close. CNX Midcap index was up 0.06% and BSE Smallcap index was up 0.17%. The market breadth was negative with advances at 569 against declines of 709 on the NSE.
Telecom stocks continued their down turn Rcom 6.5 % down Bharti 6% down,plus ADAG stock like RELINFRA,PSU companies like BPCL,ONGC started getting heat of increasing oil prices.If October series close below September series don't wonder,after all its 8th month from march low.