The NSE benchmark Nifty fell over a 1% led by panic selling in the last one hour of trade. Major sectors like oil & gas, technology, financial and infrastructure also faced selling pressure.
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U.S. stocks advanced, preventing the longest Dow Jones Industrial
Average slump since 1978, amid speculation the Federal Reserve may
consider another economic stimulus program to prevent a recession.
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The US stock market stumbled again Tuesday and is on pace for its
longest losing streak in two years.
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The NSE benchmark Nifty closed way below the key psychological 5,500-
mark as huge selling was seen in realty, banking, capital goods, metal,
technology and telecom stocks.
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The Sensex managed to surge more than 200 points in early trade but
gave up some gains and in the end the BSE Sensex gained 117 points to
end at 18,314
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Indian equity benchmarks continued their uptrend for the second
consecutive session and the Sensex added nearly 149 points ahead of
RBI policy meet tomorrow.
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The Indian market too sighed a breathe of relief after the second bailout
package for Greece was announced yesterday.
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Indian equity benchmarks closed marginally lower amid a choppy trade.
The BSE Sensex declined 66 points to end at 18,436 and the NSE Nifty
fell 25 points to close at 5,541.
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Indian markets shaved off yesterday's gains led by profit booking. The fall
was despite positive global cues post.
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After a consolidating for two days, market moved into upward direction led
by short covering and on positive global cues.
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