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Nervous
traders continue to sell aggressively as Greece payment deadline nears. The
Sensex is down 410.56 points or 1.5 percent at 27401.28 and the Nifty is down
130.20 points or 1.5 percent at 8250.90. About 542 shares have advanced, 1879
shares declined, and 141 shares are unchanged. Hindalco, SBI, Tata Motors, Sun
Pharma and ICICI Bank are major laggards in the Sensex. Among the gainers are
HUL and NTPC.
Crude oil futures slipped Rs 52 to Rs 3,763 per barrel today, in line with a weak trend in Asian trade, as traders cut down their exposure. Analysts said the fall in crude oil futures is mostly in step with a sluggish trend in Asian trade, tracking the sell-off in global equity markets on fears of a Greek debt default.
Indian stocks are down sharply, in sync with global markets, amid mounting concerns over an imminent Greek debt default and its likely impact on the European and global economies. A lack of positive news from the home front is also prompting investors to exit counters. With stocks across the board caving in on selling pressure, the market breadth is very weak, with losers outscoring gainers by almost 5 to 1 on the Bombay Stock Exchange.
Crude oil futures slipped Rs 52 to Rs 3,763 per barrel today, in line with a weak trend in Asian trade, as traders cut down their exposure. Analysts said the fall in crude oil futures is mostly in step with a sluggish trend in Asian trade, tracking the sell-off in global equity markets on fears of a Greek debt default.
Indian stocks are down sharply, in sync with global markets, amid mounting concerns over an imminent Greek debt default and its likely impact on the European and global economies. A lack of positive news from the home front is also prompting investors to exit counters. With stocks across the board caving in on selling pressure, the market breadth is very weak, with losers outscoring gainers by almost 5 to 1 on the Bombay Stock Exchange.
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