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Markets in bear hug; Sensex sinks 495 points
Mahindra and Mahindra, UltraTech Cement, Bajaj Finserv, Titan, Maruti, Axis Bank and Tata Steel were among the other big laggards. However, Tech Mahindra, Infosys, Power Grid, Larsen and Toubro and State Bank of India were among the biggest gainers.