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Sensex down third day in a row in India

| | Jan 07, 2016, at 12:21 am
Mumbai, Jan 6 (IBNS) The Indian share market could not beat the gloom as its benchmark BSE Sensex ended 174 points lower at 25,406.33 on Wednesday due to weak global cues, after touching the day’s high of 25,632.57.

NSE benchmark NIFTY too was down 43.65 points.

The global market, which was already clouded by concerns regarding the Chinese economy and the diplomatic row between Iran and Saudi Arabia, turned jittery following North Korea's hydrogen bomb test.

The Indian companies worst hit were ITC and ICICI Bank. The other notable losers included Tata Motors, M&M, Maruti Suzuki, Adani Ports, Asian Paints, ONGC, Hero MotoCorp, Lupin, L&T, Sun Pharma, Axix Bank and HUL. Among the gainers, leading the pack was RIL followed by CIPLA. Other gainers included TCS, Coal India and HDFC Bank.

Although the monthly Purchasing Managers' Index (PMI) survey revealed that India’s services sector activity touched a 10-month high in December driven by a significant rise in new business orders, the news was not enough to cheer the market. 

 

Image: Wikimedia Commons

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