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Thursday, August 6, 2009

SENSEX in red as Speculators book profits by selling auto stocks

Benchmark SENSEX closed 2.45 percent down as investors sold auto stock which rose 19 percent in past 31/2 weeks. Nifty also closed in red and was down 2.3 percent at closing today.

The 30-share BSE index provisionally ended down 389.69 points at 15,514.14, with 29 stocks declining.

The 50-share NSE index provisionally closed down 2.3 percent at 4,585.75.

The broader market ended on a weak note as well. The BSE Midcap Index was down 2.37 per cent while BSE Smallcap Index climbed 1.24 per cent.

Market breadth on BSE worsened with 1603 declines outnumbering 1088 advances.

The BSE Sensex provisionally fell 2.45 percent on Thursday, as investors took profits on a near 19 percent jump over the past 3-½ weeks.

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