Sensex lost its initial gains and is currently trading at 18141. Markets continued with its choppy trade. Selling pressure was seen in oil & gas, auto, pharma and realty stocks while IT stocks were trading firm. Reliance, ONGC, SBI and Tata Motors were negative contributors to the Sensex. In an interview to CNBC TV18 Mithil Pradhan, Technical and Derivatives Analyst said SBI is likely to see another 15-20% downfall.
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