Indian equities closed sharply lower on Thursday, as heavy selling in banking and IT counters dragged the market down. The Sensex slipped more than 700 points, while the Nifty slipped below the 24,500 mark during the session. The decline followed the implementation of the United States’ additional 25% tariffs on Indian imports a day earlier, a move that unsettled investor sentiment and weighed on overall market mood.
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