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Sensex, Nifty slip in early trade before IT stocks gain momentum

Continuing the recent bear run, Sensex and Nifty opened lower on Tuesday but quickly recovered, led by gains in Infosys and ITC. FIIs remained net sellers, while global markets showed mixed trends. Gold and silver prices also declined for the second straight session amid US policy cues

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Continuing the bear run since the last few days, the benchmark equity indices Sensex and Nifty dropped in early trade on Tuesday. However, the buying in blue-chip stocks Infosys and ITC helped the markets recover the lost ground.

As reported by news agency PTI, the 30-share BSE Sensex dropped 289.72 points to 82,987.43 in early trade, whereas the 50-share NSE Nifty declined 112.45 points to 25,570.30.

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