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Indian equity markets are closed on Thursday on account of a holiday on the occasion of Muharram. Trading will resume again on Friday as markets will look to recover after ending lower on Wednesday.

S&P BSE Sensex and NSE Nifty 50 slipped on Wednesday and ended lower at the end of the trading session. Sensex closed 162 points lower at 55,629 and Nifty dropped 45 points to 16,558.

During the session, Sensex had edged up to an all-time high of 56,118 and Nifty touched 16,700 for the first time ever.

Banks made early gains on Wednesday as HDFC Bank rose after it was allowed by the Reserve Bank of India (RBI) to issue new credit cards. However, the gains were overshadowed by losses at Kotak Mahindra Bank, ICICI Bank, Axis Bank, IndusInd Bank and HDFC.

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India today

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