Stock markets snap 2-day rally on profit-taking in banking shares; Sensex drops nearly 625 pts

Benchmark indices Sensex and Nifty fell nearly 1% on Tuesday, breaking a two-day rally. Sensex dropped 624.82 points to 81,551.63 amid profit-taking in banking, IT, and auto shares. Investors await industrial production data for April and Q1 GDP figures.

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