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Sensex closed at 57,555.90 down by 344.29 points or 0.59%. Nifty 50 tumbled by 71.15 points or 0.42% to end at 16,972.15. In terms of sectoral indices, banking stocks continued to witness a bearish tone. BSE Bankex dipped by nearly 383 points, while Bank Nifty shed nearly 360 points.

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