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19.02.202611:58:04UTC+00Sensex Closes Sharply Lower

India’s BSE Sensex extended its decline to close about 1.5% lower at 82,498 on Thursday, its weakest finish since early February, ending a three-session winning streak. Broad-based selling pressure dragged all index constituents into negative territory, as escalating geopolitical tensions and rising crude oil prices weighed on risk appetite. Additional downside came from profit-taking in heavyweight banking and FMCG stocks. On the macroeconomic front, markets will be closely tracking India’s flash February PMI release on Friday for an early read on the country’s economic momentum.

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