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Stock Market Close: Sensex Falls 1,124 Pts, Nifty At 22,780

Indian markets closed sharply lower Monday as rising oil prices and geopolitical tensions weighed on sentiment. The Sensex fell 1,124 points (1.52%) to 72,771.72, while Nifty50 dropped 360 points (1.56%) to 22,780.25. Nifty PSU Bank fell 3%; MidCap and SmallCap indices declined 1.63% and 1.85% respectively.