India, Nov. 13 -- Indian equity benchmarks came under pressure on Friday as investors booked profits following a strong rally in recent sessions. Selling in banking and automobile stocks weighed on the market, pulling the BSE Sensex down by more than 400 points, while the NSE Nifty 50 continued to trade above the 25,100 mark.

HDFC Bank and Mahindra & Mahindra were among the major laggards, adding to the weakness in benchmark indices. The decline followed a strong performance in November, during which both the Sensex and Nifty had gained around 10%. With valuations rising after the rally, investors appeared to be locking in gains and reassessing their positions amid concerns over inflation, crude oil prices and global developments.

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