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Markets recede. All sectors down

The sell-off across sectors has pushed the equity benchmarks further down. The 50-share NSE Nifty plunged 100 points to 5,033 and the 30-share BSE Sensex lost 328 points to 16,737.

Asian markets were witnessing heavy sell-off. Hang Seng crashed 4%. Kospi and Taiwan lost 3% each. Nikkei slipped 2%. Shanghai and Straits Times were down 1.7% each.

Heavyweights Reliance Industries, Bharti, TCS, SBI, HDFC Bank, ICICI Bank and L&T plunged 2-3%. However, BPCL bucked the trend; gained 1.5% on fall in crude oil prices. Nymex Crude was trading around USD 84 a barrel.



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