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As worries of continued high global oil prices worsening the domestic inflationary pressures hit investor sentiment and Mamohan Singh's speech on inflation triggered selling spree at Bombay Stock Exchange.
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SENSEX daily closing rates- feb 2011
The large cap 30 component SENSEX dropped 2.1 percent this week alone and is currently in correction wrto foreign indices. Stocks of Realty, Technology and FMCG were worst hit today.
Whereas National Stock Exchange's Nifty ended at 5395.75, down 131 points. The broader index touched low of 5369.05 in intraday trading today.
Bombay Stock Exchange's Midcap Index closed down 1.37 percent and BSE Smallcap Index moved 1.57 percent in red. Sectorwise BSE Realty Index fell 3.37 percent, BSE FMCG Index was down 3.08 percent and BSE IT Index slipped 2.26 percent. Market breadth remained negative with just 857 gainers.
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