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Sensex drops 48 points weighed down by IT stocks; Nifty below 19,800
From the Sensex pack, TCS, HCL Tech, and Wipro were the top laggards, falling 1-1.5%. Tata Motors, Tech Mahindra, Nestle, and Infosys also ended in the red. On the flip side, Axis Bank, ICICI Bank, HDFC Bank, JSW Steel, M&M, and Kotak Bank closed in the green.