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Sensex tanks 346 pts, Nifty ends below 10,500 on sell-off in PSU banks, auto stocks

Sensex and Nifty closed in the negative territory on Monday tracking weakness in the rupee, rising crude prices and heavy selling pressure in most PSU banks, metals, auto, NBFCs and realty stocks. According to market observers, cautioned also prevailed ahead of the release of major macroeconomic data later in the evening. Consumer Price Index (CPI)