Sensex, Nifty slide nearly 1percent on losses in IT, banking shares

Benchmark BSE Sensex and Nifty slid by nearly 1 per cent on Tuesday due to profit booking in IT, banking and FMCG shares ahead of the expected aggressive rate hike by the US Federal Reserve. Marking its second straight day of losses, the 30-share BSE benchmark declined by 497.73 points or 0.89 per cent to settle at 55,268.49, with 22 of its constituents ending in the red.

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