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Markets witness heavy selling pressure, Nifty falls 100pts


Share markets closed lower for the fourth repeated day to tank over 320pts in the last half of trade. Rise of crude oil prices in the international market hit the stocks of oil companies led by Reliance.

The Sensex closed at 38,276.63, down by 323.71pts, while Nifty50 closed at 11,497.90, lower by 100.35pts on Tuesday. The Nifty Bank index closed lower by 1.12pc at 29,288.20.

In the broader markets, Nifty Mid-cap100 was down by 1.16pc, while Nifty Small-cap-100 was marginally up by 0.98pc.

Among the top losers on the Nifty50 were Tata Motors, Zeel, ICICI Bank, Reliance and JSW Steel  whereas HUL, Bharti Infratel, L&T and Hinidalco were among top gainers.

Sectorally, Nifty IT was the single index in green, whereas Media and PSU Bank were in steep fall by 2.74 and 2.20pc each, Metal and Realty sectors have also undergone falls over 1 percent.