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The selling in this space intensified this week after capital market regulator SEBI raised concerns over the steep run in the midcap and smallcap stocks and the unprecedented inflows that these funds have also seen in the last one year.
The Nifty IT index closed 0.34 per cent down at 37741.75.
Sensex crash today saw the benchmark index losing 795.5 points to settle at 72,299 level.
Vaswani Ind, Jindal Worldwide, Poddar Pigments, Rainbow Childrens and Dhruv Consultancy, hit their fresh 52-week highs during the day.
In the Nifty pack, 4 stocks closed in the green, while 46 stocks ended in the red.