Opening Bell: Sensex, Nifty50 snap 3-day gain, decline around 1 per cent – IT stocks drag

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The Indian markets snapped three-day gain, as both the benchmark indices slipped almost 1 per cent at the opening trade on Friday. 

The Indian markets snapped three-day gain, as both the benchmark indices slipped almost 1 per cent at the opening trade on Friday. Sensex almost 500 points and Nifty50 above 17450-mark, while following the frontline indices suit, both Nifty mid and small-cap also declined by nearly 1 per cent.

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At the market open, the BSE Sensex slipped 478 points or 0.81 per cent to 58447, while Nifty50 fell by 155 points or 0.88 per cent to 17451. Similarly, Nifty Mid-cap down 225 points or 0.74 per cent to 30118 and Nifty Bank dipped by over 443 points or 1.14 per cent to 38567 at the market open.