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Sensex crashes over 1,000 points, Nifty survives 16,200; IT, bank stocks drag

Sensex crashes over 1,000 points, Nifty survives 16,200; IT, bank stocks drag
Equity benchmark Sensex slumped over 1,000 points to sink below the 55,000-level on Friday, tracking deep losses in IT, finance, banking and energy stocks amid widespread selling in the global markets. A weak rupee, surging crude prices and relentless foreign capital outflows further weighed on sentiment, traders said.

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