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Auto and pharma stocks also caught in bear trap; but the buying in technology stocks and index heavyweight HDFC capped losses.

Auto and pharma stocks also caught in bear trap; but the buying in technology stocks and index heavyweight HDFC capped losses.Indices traded higher for major part of the session following positive lead from Asian peers, with the Nifty moved closer to 10,300 levels, but the volatility and further selling pressure in banks & metals stocks in last hour of trade pushed the market lower. midcaps underperformed benchmark indices, with the Nifty Midcap losing half a percent. The market breadth continued to be weak as about three shares declined for every two shares rising on the BSE.

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