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Indian markets struggled to find a bottom last week (February 24-March 3), with the BSE Sensex, Midcap, and Smallcap indices slipping 2 per cent, 3 per cent, and 4 per cent, respectively. The downturn was largely driven by global cues, as major indices such as the Nasdaq (US), Nikkei (Japan), Jakarta Composite (Indonesia), Kospi (South Korea) and Taiwan's benchmark all dropped 4 per cent or more. Among domestic sectors, the BSE SME IPO index took the hardest hit, tumbling 9 per cent, while the IT index fell 5.4 per cent.