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Sensex, Nifty tumble as caution builds before RBI MPC outcome; PSU Bank index down 3%, IT stocks hold firm

Wipro, TCS, ICICI Bank, Hindalco, Axis Bank and Infosys led the Nifty 50 gains, while Max Health, Shriram Finance, Tata Consumer, Bharat Electronics and NTPC were the top losers.