In the Sensex pack, Mahindra and Mahindra tanked over 6 per cent after the company cut the prices of its SUV models to boost demand. Mahindra and Mahindra said its XUV700’s fully-loaded AX7 range now starts at Rs 19.49 lakh, a price cut of over Rs 2 lakh. Tata Steel, Tata Consultancy Services, HCL Technologies, State Bank of India, JSW Steel, Tata Motors and Kotak Mahindra Bank were other losers.
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