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30-Share Index Pulls Back; Nifty also Plummets

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30-Share Index Pulls Back; Nifty also Plummets

May 21
14:58 2014

sensex 4New Delhi, Wednesday, May 21 – The 30-share index on Wednesday moved back from all-time peak by dropping nearly 47 points in morning trade on profit-booking by investors in public sector undertakings, oil & gas, banking shares in the midst of a feeble fashion in the world markets.

By losing 46.88 points, or 0.19 percent, the BSE benchmark index Sensex, which had augmented in excess of 562 points in the last four sessions as soon as the Bharatiya Janata Party-led National Democratic Alliance logged victory over 336 seats out of 543 Lok Sabha seats in the general elections 2014, came to 24,330.00 mark.

Following the same suit, the Nifty 50 lost its footing by 12.80 points, or 0.18 percent, to be at the mark 7,262.70. More than a few dealers stated that booking of profits by contestants in the course of break in purchasing by funds at existing all-time levels broke four-session winning run which made major indicators to the notable peaks.

Not to forget that the 30-share index mounted to a record peak of 25,375.63, while NSE 50 reached at the mark of 7,563.50 last Friday. Above and beyond, a deteriorating fashion on Asian markets subsequent to all of a sudden losses on the US market, had an effect on the sentiment, dealers added further. At the same time as Nikkei Index of Japan descended by 0.75 percent, Hang Seng index of Hong Kong skidded by 0.52 percent.

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