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Sensex drops 200 points on losses in IT stocks; Nifty tests 22,300
Indian equity indices fell as Federal Reserve Chair's testimony and US jobs data approach. IT stocks like Tech Mahindra, TCS, Wipro, Infosys, HCL Tech lagged. L&T, Reliance Industries, Kotak Bank, JSW Steel, Tata Steel gained. IIFL Finance faced a 20% lower circuit after RBI's financing restriction.