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Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,411.73 crore on Tuesday.
Adani Enterprises tanks 20% in Indian bourses.
Decline in heavyweights Reliance Industries, HDFC Bank and spiralling international conflict impact markets.
The share market seems to have rejected the latest report targetting the Sebi chief.
A sharp rally in blue-chip stocks propelled the indices to lifetime high levels.
The special dividend will be paid to the shareholders by April 23.
TCS shares tumbled 4.37% to Rs 3,971 on NSE, while it plunged 4.03% to Rs 3,977.55 on BSE.
The company's board has approved the proposal for buy back of up to 4,000,000 shares of face value of Rs 10 each at a price of Rs 10,000 per share.
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