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Persistent High Yields Keep Nifty IT & Pharma Under Pressure

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Despite the frontline market recovery, the Nifty IT and Nifty Pharma indices ended in the red. Elevated global bond yields continued to weigh on tech growth stocks, causing laggards like Infosys (-1.41%) and Max Healthcare (-3.06%) to feature among the day’s top percentage losers on the Nifty 50.

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