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Monday, 12 September 2016

Stock Market News: Sensex Tanks 500 pts, Nifty Sheds 160 pts

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Equity benchmarks started off the week with sharp cut, trailing steep fall in international peers. The Sensex was down 522.91 points or one.82 % at 28274.34 and also the good down 160.25 points or 1.81 % at 8706.45. The rupee slipped within the early trade on Mon. 
it's opned lower by twenty paise at sixty six.88 per greenback versus 66.68 Friday. Pramit Brahmbhatt of truthfulness aforementioned, "We expect the rupee to trade with a negative bias fraught from international sentiment. The commerce vary for the day is seen between sixty six.50-67/dollar." 
The greenback began the week on the rear foot as a bout of risk aversion underpinned the yen, tho' the USA currency garnered some support on revived talk a attainable rate hike by the Federal Reserve System as early as this month. Asian shares tumbled once a sharply lower end for major USA indexes on Fri amid issues central banks can lessen accomodative. Shanghai, droop Seng and Nikkei were down one.5-2.7 percent.

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