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9/01/2009

Sensex dipping continuwe to second day

Mumbai Dalal Street : After getting early gains, as investors sold shares to book profits cause the Bombay Stock Exchange benchmark Sensex fell down by 115 points .

Sensex had lost 255 points yesterday.

In early trade, it had rose by over 250 points to reach the 15,923.09 points.Then 30-share index dipped by 115.45 points to close at 15,551.19 points.

about nifty

The National Stock Exchange index Nifty also fell by 36.25 points to 4,625.35, after tumble between 4,735.90 points and 4,600.65 points in the daytime
The realty sector index suffered the most followed by the metal sector

Acc to analyst, the factors may be


  1. selling pressure mounted by reports that exports declined by 28.4 per cent to USD 13.6 billion in July.

  2. Imports also dipped by 37.1 per cent to USD 19.6 billion.

  3. Weak opening of the European stock markets

  4. Reliance Industries dipped 1.10 per cent to Rs 1,982.

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