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Tuesday, July 2, 2013

Indian Stock indices nosedive as INR slips below 60 | Oil gains

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Benchmark Indian stock indices including the 30 component BSE's SENSEX and National Stock Exchange's NIFTY opened lower today and are currently down by over 1 percent as Foreign Institutions keep on pulling out their from Indian stock markets as Rupee declined below 60/dollar mark today and as prices of crude oil moved to 102$ per barrel as there is rise in demand for crude oil.

The 30 component BSE's SENSEX is currently down by -249.13 points at 19214.73, whereas broader index NSE's NIFTY 50 is also down by -76.65 points at 5781.40 level. BSE Realty Index is down by 2.46 percent, BSE Metal Index is also down by 1.88 percent, BSE Bankex is also trading down by 1.42 percent.

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