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Sensex declines 95 points
MUMBAI: Snapping its five-session winning streak, the benchmark index Sensex ended in the negative zone losing more than 95 points on Wednesday as funds resorted to selling in heavy-weight stocks. The 30-share BSE index, which reached an all-time intra-session high of 15868.85 points on Tuesday, succumbed to profit-selling and ended 95.59 points at 15699.33. Similarly, the Nifty of the National Stock Exchange ended 32.05 points at 4592.70, after moving between 4620.50 and 4555.80
Selling in cement shares
Market observers said stocks of cement, capital goods and realty sectors suffered the most, dragging the Sensex down. Stock brokers said cement sector stocks faced massive selling after reports that the country’s trade-practices regulator, MRTPC has ordered a probe into their business, alleging price manipulation. — PTI
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