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Sensex plunges by 395 points
MUMBAI: Belying hopes of a surge that would have taken it past the magical figure of 19000 owing to good fundamentals, the stock market on Friday plunged by close to 400 points under the influence of Asian markets and profit booking by speculators.
Overlooking the drop in inflation as also the impressive industrial performance, the Bombay Stock Exchange sensitive index came down by 395.03 points to close the day at 18419.04.
The downtrend was further aided by below-than-expected second quarter results and forecasts of blue chip firm Infosys. So much so that the slide did not stop even after blowing over of the political crisis, with both Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi ruling out snap polls. — PTI
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