Equity benchmark Sensex plunged 566 points to close below
the 60,000-level on Wednesday, after heavy selling in IT and banking stocks
amid weak global trends.

The 30-scrip BSE Sensex tumbled 566 points or 0.94% to
close at 59,610.41. During the session, it fell 666.66 points or 1.10% to
59,509.84.

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The broader NSE Nifty fell by 149.75 points or 0.83% to
close at 17,807.65.

On the sectoral front, Oil & gas, metal and power
indices gained 1% each, while bank and IT indices fell 1% each. BSE midcap and
smallcap closed in green with marginal gains.

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Top losers from the Sensex pack include HDFC Bank down by
3.51%, HDFC down by 3.26%, HCL Tech down by 2.07%, Tech Mahindra down by 1.97%,
Infosys down by 1.75%, TCS down by 1.52%, Kotak Mahindra down by 1.27%, and
Axis Bank down by 1.26%.

Among the gainers were NTPC up by 2.61%, Tata Steel up by
1.94%, Power Grid Corp up by 1.52%, Bharti Airtel up by 1.17% and Nestle up by
1.10%.

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On Tuesday, the BSE Sensex slipped 435.24 points or 0.72%
to close at 60,176.50. Similarly, the NSE Nifty slumped 96 points or 0.53% to
17,957.40.

The rupee slipped 47 paise to close at 75.76 against the
US dollar, breaking its three-day winning streak on Wednesday

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Meanwhile, international oil benchmark Brent crude surged
0.93% to USD 107.6 per barrel.

In Asian Markets, bourses in Hong Kong, Tokyo and Seoul
closed lower, while Shanghai closed in the green. US stock exchanges closed on
a lower note in the overnight session.

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According to stock exchange data, foreign portfolio
investors bought shares worth Rs 374.89 crore on Tuesday.