Sensex tumbles 876 points; Nifty drops below 22,900, dragged by private banks

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Benchmark equity indices ended sharply lower on Monday after two days of a rally, with the Sensex tumbling 876.37 points and the Nifty dropping to 22,888.95, following a decline in private bank stocks, mainly HDFC Bank and Axis Bank, and weak global trends. The 30-share BSE Sensex tumbled 876.37…