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Sensex Closes Below 71,000, Nifty Ends Below 21,200 Amid Heavy Selling

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Mumbai: The key domestic indices witnessed a heavy selloff today. The Sensex closed below the 71,000 points mark and Nifty finished below 21,200 points. The selling came in the domestic market despite upbeat sentiments in the global market. Barring IT and FMCG indices, all sectors traded with cuts.

The Sensex tumbled 931 points, or 1.30 per cent, to finish at 70,506. The Nifty also declined 303 points, or 1.40 per cent, to end at 21,150.

In the broader market at the BSE, the Mid-cap index plunged 3.1 percent while the Small-cap index tumbled 3.4 percent.

In the Sensex index, which is a pack of 30 companies, shares of all companies closed in the red except HDFC Bank which ended marginally high. Tata Steel tumbled 4.2 percent and NTPC plunged 3.8 percent. Tata Motors lost 3.3 percent and HCL Tech fell 3.2 percent.

In sectoral indices at the BSE, all 20 sectors logged losses. The utilities sector cracked 4.6 percent and the Telecommunication index declined 4.4 percent. The Power sector fell 4.3 percent and the Services index 4.2 percent.

The overall market breadth was negative, as the shares of 3,177 companies declined while those of  658 appreciated. A total of 86 companies remained unchanged.

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