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Indian markets continue to witness selling pressure on Thursday with Sensex erasing 62,500 and Nifty 50 dropping below 18,500. Banking stocks remained under pressure, dragging the benchmarks the most. While smallcap stocks outperformed.

Riding on the back of robust bullish sentiment, Sensex and Nifty 50 neared their lifetime high levels on Monday. Consumer durables stocks witnessed the most buying, while substantial gains were also seen in auto and banking stocks. Oil and gas stocks, however, emerged as top underperformers.