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Sensex plunges

Source : SIFY
Last Updated: Thu, Feb 21, 2013 10:10 hrs
Commuters walk past the BSE building in Mumbai

The market suffered one of its worst setbacks in recent months and ended sharply lower on Thursday.

Weakness in global markets and worries about near term economic outlook triggered the sell-off.

Worries about a pause in U.S. quantitative easing, weak commodity prices dampened sentiment.

The Sensex ended at 13,309.90 (provisional) with a loss of 332.85 points or 1.69%.

The Nifty closed at 5847.75, down 95.30 points or 1.6%.

Metal, bank, realty and capital goods stocks declined sharply.

Oil, automobile, power and FMCG stocks too mostly ended notably lower.

IT and pharma stocks found some support early on, but retreated later in the session.

Select consumer durables stocks bucked the trend.

Midcap and smallcap stocks wilted under pressure and mostly ended weak.

The market breadth was very weak.


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