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: The frontline indices held early losses on Tuesday after global stocks declined as a hotter-than-expected US services activity raised bets for continued rate hikes by the Federal Reserve.
The BSE Sensex fell 300 points to 62,542, and the NSE Nifty50 slipped 80 points to 18,619.
The broader markets, too, opened weak. The BSE MidCap was down 0.16 per cent, and the SmallCap index was flat.
Within sectors, Nifty IT slipped the most with a loss of 0.9 per cent, followed by the metal index, while the PSB pocket was the sole winner, up 0.8 per cent.
Among stocks, IRB Infrastructure Developers rose over 3 per cent after its yearly toll collections came 39 per cent higher at Rs 366 crore.
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