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Friday 5 August 2011

Sensex closes 247 points lower (Second Lead)

The Asiatic markets ended neighbor day's low on Thursday, extending their losing colorize into the third direct trading conference. The NSE Nifty has slipped over 160 points in the finally leash days with the indicant terminal beneath the 5350 levels for the no. second since June 26.


Markets opened with a advantageous partiality, pursuit long gains in the US markets and confident appreciation in a few Asian markets. Withal, the upswing was rattling short-lived, as the index slumped in tardy afternoon transaction and ended moral day's low.



Finally, the BSE Sensex ended at 17,693 losing 247 points. It had originally colored a day's intoxicated of 18,032 and a day's low of 17,664. It opened at 18,032. The NSE Nifty unreceptive at 5,331 losing 5,332 points.

The decline was led by Belongings, Auto, FMCG and Metals stocks. The Mid-Cap and the Small-Cap stocks witnessed continued offloading.

"Traders and investors continuing to be tense as GDP maturation forecasting has been scaled pile. Flat monsoon has been beneath par and is believable to be beneath long-term figure. Politically, the Country is under attack for a numerate of issues from degradation to scheme management.The RBI is no condition to relent change as it seeks link from New Metropolis.

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