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Closing bell: the Sensex goes down by 300 points, the IT, the metal stocks weigh

Reference indices BSE Sensex and Nifty Nifty 50 translate into a reduction in losses in global markets. Photo: Mint

Reference indices BSE Sensex and Nifty Nifty 50 translate into a reduction in losses in global markets. Photo: Mint

  • Mumbai: Reference Indices BSE Sensex and Nifty Nifty 50 fell almost 1% Tuesday, in line with the weakness of global equity markets and after the outcome of the RBI board meeting to boost lending he did not impress investors. Reliance, HDFC, Infosys and ICICI Bank contributed the most to the 300-point drop in the Sensex. Yes The Bank's shares have decreased by 6% after an independent director has resigned from the company's board of directors. The Indian rupee gained today for the sixth consecutive session. Today the rupee has reached a maximum of two months of 71.28 against the US dollar and is destined to the longest series of victories in over a year.In global markets, European and Asian equities declined, registering a rout of US equities that seemed set to intensify on Tuesday among investors' jitters over the technology sector and trade. Oil prices have plummeted in a large stock market. Here are the latest updates from the markets:

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