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Sensex Loses Nearly 500 Points; Nifty Closes Below 16,500 On Losses In IT Stocks — Market Wrap

India’s stock benchmarks declined 1%, extending losses for the second session, ahead of the U.S. Federal Reserve’s decision on rates.The Sensex closed 500 points (0.90%) lower at 55,268.49, while the Nifty 50 lost 150 points to end at 16,483.85 on Tuesday.The decline was led by information technology stocks. New-age companies such as Paytm (One 97 Communications Ltd.) and Zomato Ltd., too, declined, mirroring the global peers.

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