Friday, September 4, 2009

POSITIVE GLOBLE CUES FAIL TO BOOST SENTIMENT

A significant drop in heavyweight Reliance Industries pulled the benchmark Sensex down by over 69 points amid uncertain global trends.
Stretching the losses to fourth day in a row, the key index, which had lost 455 points in the past three sessions, closed lower further by 69.13 points at 15,398.33. Wider index Nifty on NSE lost 14.80 points at 4,593.55. Marketmen said selling pressure persisted for the fourth straight day due to uncertainty over the impact of weak monsoon on the domestic economy. Doubts over sustainability of global recovery also added to subdued sentiment.

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