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Key indices Nifty50 declined over 50 points to trade below 18,050 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 60,497 levels.
Broader markets, too, followed suit as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 1 per cent. Volatility gauge, India VIX, meanwhile, climbed over 3 per cent.
Barring Nifty Pharma index, all sectors drowned in the sea of red, with Nifty Media, Nifty Metal, and Nifty PSU Bank indices declining the most.
fell over 2 per cent after the company decides to sell entire stake in iNeuron to PhysicsWallah for Rs 14 crore.
Besides, shares of India Cements declined over 2 per cent after trade regulator CCI conducted search operations in its Chennai office.
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