Indian equity markets surrendered their opening momentum to close firmly in the red. The BSE Sensex dropped 547.65 points (-0.76%) to settle at 71,924.68, while the NSE Nifty 50 shed 157.10 points (-0.70%) to finish at 22,363.35. Heavy institutional distribution in heavyweight FMCG and PSU banking stocks pulled frontline benchmarks lower, completely erasing Friday’s relief recovery.
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