MARKET SUMMARY
The markets continued to extend their heavy losses tracking negative global cues. Market touched three months low level, as losses in European markets including Spain and Portugal weighed on sentiments. Jobless data in US and the debt problem in Europe were the major factors for the weak market sentiments. On the domestic front nervousness was written large on the face of the investors ahead of the upcoming Union Budget 2010-11. Realty, Metal, PSU, Oil & Gas, Bank, IT and Consumer Durable stocks were the ones which were heavily battered. BSE Midcap and Smallcap stocks also closed deep in to the red. The BSE Sensex closed lower by 434.02 points at 15,790.93 and NSE Nifty ended down by 126.70 points at 4,718.65. BSE Midcap and Smallcap closed with losses of 169.77 and 270.82 points at 6,347.37 and 8,073.92 respectively. The Sensex touched intraday high of 16,222.56 and intraday low of 15,725.43.
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