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Just Dial which saw a strong gap-up opening and was locked in a 10 percent upper circuit at Rs 644.30 and formed a long bullish candle on the daily charts with healthy volumes.

The market reversed some of its previous day's gains and fell third of a percent on January 16, forming bearish candle which, to some extent, resembles Dark Cloud Cover kind of pattern formation on the daily charts indicating weak sentiment at Dalal Street.

The selling pressure was seen in metal, private banks, financial services, and auto stocks, but buying in technology stocks limited losses.

The Nifty50 shed 62 points to 17,895, and the BSE Sensex declined 168 points to 60,093, while the Nifty Midcap 100 index was down 0.24 percent and Smallcap 100 index slipped 0.07 percent.

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