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BSE Sensex drop 0.7 pct; banks down ahead of data
High inflation dashes hopes of rate cut; Mkts down for 5th day
Indian stocks fell for the fifth day in a row with BSE barometer Sensex today closing 77 points down on intense selling triggered by concerns that the rise in inflation will dim chances of further rate cuts. Market analysts said a slew of other factors such as Moody's downgrading three private banks and weak European cues also pulled down the Sensex which was trading nearly 100 points high in the morning
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