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Sensex Falls Over 600 Points from Day's High; Bharti Airtel Dips 9%
Wed, 23 Sep 02:30 pm | Yash Vora, TM Team

Share markets in India gave up all of their early gains in the afternoon session, with the benchmark BSE Sensex dropping more than 600 points from the day's high.

After a firm opening, benchmark indices slipped into the red in the afternoon trade, dragged by losses in index heavyweights TCS, Bharti Airtel and ICICI Bank.

The BSE Sensex is presently trading down by 306 points, down 0.8%. Meanwhile, the is trading down by 97 points.

Shares of Bharti Airtel plunged over 8.5%, while Tata Steel, NTPC, and IndusInd Bank fell 4%.

Route Mobile share price rallied as much as 16% after foreign portfolio investors (FPIs) such as Goldman Sachs and Kuwait Investment Authority acquired shares worth of Rs 2.1 billion of the company.

All sectoral indices are trading in red with stocks in the telecom sector witnessing most of the selling pressure. The BSE Telecom index fell as much as 9%.

More details to follow in the upcoming commentary.

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