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Stay cautious, say market experts. Sensex sinks 550 points today
₹1,626, before settling 1.7% higher at ₹1615.Nifty bank index fell 3.6% today to 19,912 with HDFC Bank, ICICI Bank and Axis Bank declining 3% to 4.5%. Here is what analysts said on today's market action:Manish Hathiramani, , technical analyst at Deen Dayal Investments"Nifty managed to respect the support of 9700 by bouncing from the intraday low of 9725.