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The benchmark Sensex and Nifty have been affected by the decline in PSU stocks, with the Sensex losing over 450 points. The Nifty Bank index has also fallen below 45,000, while the PSU Bank index has seen a decrease of over 3%. This decline has not been limited to banking names, as rail PSUs like RVNL, IRFC, IRCTC, and BEML have seen drops of 8-10% each, while power PSUs like SJVN, NBCC, and NHPC have experienced decreases of 10-20%. However, defensives in the I.T. and pharma sectors have been among the top gainers.

Stocks in focus include Hero Moto Corp, Divi’s Labs, and Honasa Consumers after their Q3 earnings, with brokerages adjusting their targets for these counters. Meanwhile, Nandita Khemka and Yatin Mota discuss the highlights of the trading day on Closing Bell.

By Editor

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