D-Street indices tank 1.5%; bank shares lead selloff

The Sensex closed at 58,237.85, down 897.28 points or 1.52% from the previous close, after breaching the 59,000 mark in late morning trade. The Nifty fell 258.60 points or 1.49% to close at 17,154.30. In the previous three sessions, benchmark indices have declined over 3.5% and wiped out over ₹7.6 lakh crore in investor wealth.

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