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Weekly: Global cues, growth slowdown weigh on markets
The sharp contraction in India's GDP growth and the sell off in global equities sent shock waves here dragging the Sensex below the 16,000 mark for the week ended Jun 1, 2012. For the week, the 30-share Sensex dropped 253 points or 1.6% to end at 15,965. The 50-share S&P CNX Nifty slipped 79 points or 1.6% to 4,842. The shockingly low GDP growth during the fiscal vindicated the fact the pace of reforms
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