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Markets in oversold territory
The markets ended lower for the third straight week, amid global economic worries. The Sensex trended lower during the week, and finally settled with a loss of 538 points at 16,293. In the process, the index has plunged nearly 1,100 points in the last three straight weeks. Among the index stocks this week, Tata Power slumped nearly eight per cent to Rs 92.50. State Bank of India and Hero MotoCorp plunged