Benchmark indices trimmed losses in afternoon, led by Reliance Industries and recovery in banks.
The 30-share BSE Sensex was down 26.35 points at 33,007.21 and the 50-share NSE Nifty fell 19 points to 10,206.
Reliance Industries gained more than 2 percent, followed by Axis Bank (up 1.66 percent). ICICI Bank recovered to trade 0.2 percent higher.
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