Market Update at 12:30 PM: The benchmark Indian equity indices continued to trade lower on Wednesday. At 12 PM, the BSE Sensex was down 338 points or 0.41 per cent at 81,764.12, while the NSE Nifty50 declined 93.15 points or 0.37 per cent to 25,076.35.

On the BSE, Tata Motors, Tech Mahindra, BEL and HDFC Bank were among the top laggards. In contrast, Hindustan Unilever (HUL), NTPC, Maruti Suzuki and Asian Paints were among the leading gainers.

Broader markets also moved lower. The Nifty MidCap 100 index slipped 0.61 per cent, while the Nifty SmallCap index fell 0.4 per cent.

Among sectoral indices, barring Nifty PSU Bank, which rose 0.29 per cent, all others traded in the negative zone. Nifty IT was the biggest loser, falling 0.91 per cent, followed by Nifty Auto, which declined 0.7

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