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BSE Sensex and Nifty struggled today weighed down by sharp losses in oil & gas stocks after the government deferred decision on gas price hike for three months.

ONGC slumped over 6 per cent while Reliance Industries fell over 3 per cent. Oil marketing companies BPCL, HPCL and Indian Oil fell between 2-3 per cent as the government clarified that currently there is not proposal to hike LPG and kerosene prices.

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