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of <h1>Sensex and Nifty Drop Sharply Amid Heavy Selling in Major Stocks; Weak Global Trends Influence Decline.</h1> The Sensex fell by 451 points, closing at 78,248.13, and the Nifty dropped 168.50 points, ending at 23,644.90, due to selling in major stocks like HDFC Bank, ICICI Bank, and Reliance Industries. This decline was influenced by weak global trends and foreign fund outflows. Despite a brief recovery, heavy selling in blue-chip stocks led to losses. Sectors such as metals and capital goods saw significant declines, while IT and healthcare gained. Foreign institutional investors sold equities worth Rs 1,323.29 crore. Global markets showed mixed results, with Asian and European markets mostly down.
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