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Markets fell further in noon trades amid profit taking in FMCG majors and oil and gas shares.
At 1415 hours, the 30-share Sensex was down 235 points at 19,358 and the 50-share Nifty was down 76 points at 5,755.
Markets held firm post the announcement by the Reserve Bank of India's policy review. However, selling pressure later dragged the indices lower.