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Sensex and Nifty extended their fall for the fourth straight session today.New Delhi: Indian equity benchmarks on Monday plunged sharply, dragged by heavy selling pressure in information technology (IT) and banking stocks. The domestic indices extended their fall for the fourth straight session as Infosys and HDFC Bank slumped on missing March-quarter (2021-22) profit estimates. The ongoing Russia-Ukraine conflict and high inflation concerns also dented investor sentiment.The Kremlin has accused Ukraine of not being “consistent” when it comes to peace talks.Back home, the wholesale price index (WPI) inflation figure rose to 14.55 per cent in March. The figure has stayed in double-digits for the 12th straight month. Another set of government data released last week showed that the retail (consumer price-based) inflation had hit a 17-month high of 6.95 per cent in March.The 30-share BSE Sensex crashed 1,172 points or 2.01 per cent to close at 57,167 today, while the broader NSE Nifty moved 302 points or 1.73 per cent lower to settle at 17,174. Mid- and small-cap shares finished on a weak note as Nifty Midcap 100 index fell 1.05 per cent down and the small-cap shed 1.25 per cent.The 30-share BSE Sensex crashed 1,172 points or 2.01 per cent to close at 57,167, while the broader NSE Nifty moved 302 points or 1.73 per cent lower to settle at 17,174. The market capitalisation of BSE-listed firms tumbled nearly Rs 2.55 crore to Rs 269.48 lakh crore.Mid- and small-cap shares finished on a weak note today as Nifty Midcap 100 index fell 1.05 per cent down and small-cap shed 1.25 per cent.12 out of the 15 sector gauges — compiled by the National Stock Exchange — ended in the red. Nifty IT and Nifty Bank underperformed the index by falling as much as 4.58 per cent and 1.96 per cent, respectively.On the stock-specific front, Infosys was the top Nifty loser as the stock cracked 7.22 per cent to Rs 1,622.30. HDFC twins (HDFC and HDFC Bank), Tech Mahindra and Apollo Hospitals were also among the laggards.The overall market breadth stood negative as 1,473 shares advanced while 2,053 declined on BSE.On the 30-share BSE index, Infosys, HDFC twins, TechM, Wipro, TCS, HCL Tech, Asian Paints, Kotak Mahindra Bank and SBI were among the top losers.In contrast, NTPC, Tata Steel, Maruti, Titan, M&M, Hindustan Unilever, PowerGrid, Nestle India, Axis Bank and ITC settled in the green.



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