Slippery Indian stock markets are trading on a subdued note this afternoon as investors remain reluctant to pile up hefty long positions amid daunting global as well as local macro-economic setup. The frontline indices, which showed some signs of recovery in the last hour, have drifted to low point of the session well below the important psychological 5,400 and 18,000 levels and are looking set to breach the crucial 5,350 and 17900 levels
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