The S&P BSE Sensex slipped below its crucial psychological support level of 26,000 in the first hour of trade on Monday. This happened for the first time since June 24 on an intraday basis and May 25 on closing basis.

The Nifty50 also pared gains after a positive start and slipped below its crucial support at 8,000 level, weighed down by losses in realty, consumer durables, capital goods, autos and IT stocks.

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