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Nifty, Sensex close over 1% lower ahead of earnings season. HDFC Bank, L&T and Infosys drag.
Nifty closed at 22,519.40, down 234.40 points, or 1.03%, while the Sensex ended 793.25 points, or 1.06%, lower at 74,244.90.
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Tata Consultancy Services Ltd., Tata Motors Ltd., Bajaj Auto Ltd., Divi's Laboratories Ltd., and Nestle India Ltd. limited losses in the benchmark index.
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HDFC Bank Ltd., Larsen & Toubro Ltd., Infosys Ltd., Reliance Industries Ltd., and Sun Pharmaceutical Industries Ltd. weighed on the benchmark index.
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The market breadth was skewed in the favour of sellers. Around 2,365 stocks declined, 1,475 stocks advanced, and 103 remained unchanged on BSE.
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