Market update: Nifty below 7850; sensex slips 100 points

The S&P BSE Sensex slipped over 100 points morning trade ahead of outcome of assembly elections in the high-stakes Assembly elections in West Bengal , Kerala Tamil, Nadu, Puducherry and Assam. The fall in the index was led by losses in HDFC Bank, HDFC, ITC, L&T, and Axis Bank.
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