Sensex, Nifty remain rangebound; banks continue to gain

Equity benchmarks were trading range-bound in the afternoon session with a slight selling pressure. The Nifty fell below 9100 as well.

The Sensex was up 152.30 points at 29389.45, while the Nifty was up 48.90 points at 9094.10. About 1,495 shares advanced against a decline of 1,170 shares declined, and 192 shares remain unchanged.

Axis Bank, HDFC and Tata Motors (D) continued to gain, while ONGC, Hero MotoCorp and Tech Mahindra were the top losers.

Nifty Bank has been an outperformer on the back of a merger buzz after Kotak Mahindra Bank has called for a press conference on Wednesday.

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