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The S&P BSE Sensex is down 260 points at 24,422 and the Nifty50 is down 78 points at 7,433.The broader markets are underperforming the benchmark indices-BSE Midcap and Smallcap indices down 2%-4%.
Shares of renewable energy companies gained after the government announced the auction of up to 21 GW of solar and wind power projects by March 2018.
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