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Banking stocks buoyed on expectations of rate cut

MUMBAI (NewsRise) -- Indian stock indexes pared early losses to end little changed Monday, outperforming most other Asian markets, as expectations of a rate cut by the Reserve Bank of India helped trim a fall triggered by global growth concerns.

     The benchmark BSE Sensex fell 0.10% to 26,192.98 points, while the broader NSE CNX Nifty Index declined 0.06% to 7,997.10 points. The Sensex fell almost one percent earlier Monday, tracking a slump in most regional indexes as the U.S. Federal Reserve's decision to keep interest rates near zero reinforced concerns about a possible global downturn.

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