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Markets down. Sun TV tanks 23%

Markets witness selling kicking in, as Asian markets have also seen significant cuts. The markets in US had recorded a 2% cut earlier on Wednesday.

At 10:34 AM, the Nifty has seen a cut of 38 pts or -0.7% at 5555.

Sun TV, from the media space, has recorded the biggest fall – losing around 23%. The stock recoded a low of 288.10. The stock has seen this drastic movement, in the wake of the PIL filed against Union minister Dayanidhi Maran

Other counters on the decline include Unitech – down by over 2%. LT is down by 1%. JPAssociates is down by 1.7%. Hindalco is down by 1.5%.

Sesagoa has seen a cut of 2.5% to trade at 286. GujNRECoke is down to 50.90, with a cut of 1.8%. Tata steel is down by over 2%. Hindalco is down by 1.5%.

Tata motors has seen a cut of 2.7%.

PNB, from the banking space, is down by 2%. ICICI Bank has seen a cut of 0.7%.


 

 

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