Stock markets snap 2-day rally on profit-taking in banking shares; Sensex drops nearly 625 pts

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MUMBAI: Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Tuesday, snapping the two-day rally after profit-taking in banking, IT and auto shares.

The 30-share BSE Sensex dropped 624.82 points or 0.76 per cent to settle at 81,551.63, in a volatile session. During the day, the barometer tanked 1,054.75 points or 1.28 per cent to 81,121.70.

The 50-issue NSE Nifty declined 174.95 points or 0.70 per cent to 24,826.20.

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