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The Sensex, which fell for the third straight day, dropped by 179.79 points to 8,427.29, after dipping to the day's low of 8,390.21 as the funds remained net sellers in heavyweights led by consumer durables and banking.
Reliance Digital, the consumer durables information technology arm of Reliance Retail, on Wednesday announced opening of 'iStore' in Hyderabad to offer a range of Apple products in professional and consumer segments.
Losses largely came from the metal index, followed by power, infrastructure, realty, PSU, oil and gas, capital goods, FMCG, healthcare, auto and banking.
Crisil said a complete phase out of CST is necessary.
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