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In a big relief for auto manufacturers, the government cleared the air on excise duty structure for the sector. It decided to extend excise duty concession by six months , till the end of 2014.

Oil & gas stocks drag the market as government defers gas price revision. The Sensex is down 170.37 points at 25143.37 and the Nifty slips 49.50 points at 7519.75. About 913 shares have advanced, 916 shares declined, and 72 shares are unchanged.

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