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Stock Market Close: Sensex Slips 172 Pts, Nifty At 24,219

Benchmark indices closed lower on Monday, with the Sensex falling 172 points to 77,369 and Nifty down 33 points at 24,219, as geopolitical tensions rose after Iran threatened to seize vessels and change transit rules at the Strait of Hormuz. SBI Life, Adani Ports, and Bajaj Finance were top losers. Nifty PSU Bank declined 1% while Metal outperformed.