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The benchmark Sensex and Nifty have been affected by the decline of PSU stocks, with the Sensex losing over 450 points. Additionally, the Nifty Bank index has fallen below 45,000. The PSU Bank index has also experienced a decrease of over 3%. However, this decline has not been limited to banking names alone as rail PSUs like RVNL, IRFC, IRCTC, and BEML have seen drops of 8-10% each. Furthermore, power PSUs like SJVN, NBCC, and NHPC have experienced decreases of 10-20%. Despite the decline in banking and power sector stocks, defensives in the I.T. and pharma sectors have been among the top gainers. Stocks in focus include Hero Moto Corp, Divi’s Labs, and Honasa Consumers after their Q3 earnings. Brokerages have adjusted their targets for these counters.

During today’s trading session on Closing Bell, Nandita Khemka and Yatin Mota discussed the highlights of the day’s market performance.

By Editor

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