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Sensex drops 500 points from day’s high as rupee weakens to new low
Sensex fell nearly 500 points intraday and rupee hit a new low, dragging key sectors lower amid weak cues.
Indian markets saw a sharp intraday reversal, with the Sensex falling nearly 500 points from its peak and the Nifty slipping below 26,200. The Indian rupee also touched a new low against the US dollar, adding pressure to sentiment.