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The
Indian Share market extended losses in morning trade with the Sensex falling
318.40 points or 1.13 percent to 27793.91 and the Nifty declining 87.95 points
or 1.03 percent to 8433.60. The broader markets, too, slipped into red. The BSE
Midcap index dropped 1 percent and Smallcap declined 0.8 percent. About 760
shares have advanced, 1111 shares declined, and 102 shares are unchanged on the
BSE. Bank Nifty fell 300 points.
ICICI Bank, Tata Motors, L&T, Tata Steel and GAIL are among major losers while Lupin, HUL, Cipla, NTPC and Dr Reddy's Labs are major gainers in the Sensex. The Indian stock market is down sharply this morning, with investors pressing sales across the board, amid worries about the global economy on the back of recent disappointing data out of China.
The benchmark BSE Sensex plunged by 237 points to trade below the 28,000 level in morning trade due to continue selling by investors after concerns over participatory notes and sharp loss in global markets. The 30-share index tumbled 237 points, or 0.84 per cent, to 27,603.02, with all sectoral indices led by realty, banking and auto posting losses up to 1.46 per cent.
ICICI Bank, Tata Motors, L&T, Tata Steel and GAIL are among major losers while Lupin, HUL, Cipla, NTPC and Dr Reddy's Labs are major gainers in the Sensex. The Indian stock market is down sharply this morning, with investors pressing sales across the board, amid worries about the global economy on the back of recent disappointing data out of China.
The benchmark BSE Sensex plunged by 237 points to trade below the 28,000 level in morning trade due to continue selling by investors after concerns over participatory notes and sharp loss in global markets. The 30-share index tumbled 237 points, or 0.84 per cent, to 27,603.02, with all sectoral indices led by realty, banking and auto posting losses up to 1.46 per cent.
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