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Key indices Nifty50 declined over 50 points to trade below 18,350 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 61,480 levels.
Broader markets, too, followed suit as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent. Volatility gauge, India VIX, meanwhile, shot over 1 per cent.
All sectors drowned in the sea of red, with Nifty IT index declining over 1 per cent in trade.
Among individual stocks, shares of Reliance Industries gained over 1 per cent after the conglomerate’s retail arm launched FMCG brand ‘Independence’ in Gujarat.
Besides, shares of Asian Paints declined over 1 per cent after prices of Brent Crude climbed to $82 per barrel.
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