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The S&P BSE Sensex plunged as much as 130 points in trade on Monday, led by losses in ITC, HDFC, ICICI Bank, State Bank of India and Bharti Airtel.

The 50-share Nifty index also came under pressure which pushed the index below its crucial psychological support level of 8450, weighed down by losses in auto, banks, metal and FMCG stocks. 

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