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Sensex slumps 566 points; banking, IT stocks dip

Mumbai (Maharashtra) [India], April 6 (ANI): The Indian equities markets benchmark Sensex slumped 566 points on Wednesday, dragged by heavy selling pressure in IT and banking stocks.
HDFC Bank and HDFC slumped for the second straight day after the announcement of merger deals. The share price of HDFC Bank and HDFC had surged by around 10 per cent on Monday shortly after the merger deals were announced.
However, scrip has