Nifty falls below 12,000

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Mumbai: Indian markets slipped into the red in noon trade with Sensex falling around 150 points. The Nifty gave up 12,000 levels when it declined 0.5% to 11,975.

Shares of Kotak Mahindra Bank rose 4% today after the lender and the RBI reached an agreement on promoter shareholding.

IndusInd Bank, which has been seen a sharp fall since its Q3 earnings announcement earlier this month, rebounded 2% today.

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