Sensex plunges 1,203 points to close at 28,265

Equity indices witnessed a sharp decline with the benchmark BSE Sensex falling over 1,200 points, dragged by IT and banking stocks, on the first trading day of the new financial year 2020-21 (FY21). The 30-share BSE index plunged 1,203 points or 4.08 per cent to close at 28,265 on Wednesday; while the broader NSE Nifty settled below the 8,300 level.

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