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At close, the Sensex was down 346.89 points or 0.55% at 62,622.24, and the Nifty was down 99.40 points or 0.53% at 18,534.40. About 1679 shares advanced, 1733 shares declined, and 133 shares unchanged.
ONGC, Reliance Industries, Axis Bank, SBI and HDFC were among biggest losers on the Nifty, while gainers included Bharti Airtel, Kotak Mahindra Bank, Britannia Industries, Sun Pharma and SBI Life Insurance.
