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Sensex sheds 275 points
MUMBAI: After a head-start, the markets beat a hasty retreat on Wednesday, with the benchmark Sensex shedding over 270 points as the postponement of UPA-Left co-ordination committee on the Indo-U.S. nuclear deal cast a shadow on trading sentiment.
Marketmen said fears of inflation touching double-digit figure also prompted investors to sell. The 30-share Sensex on the Bombay Stock Exchange ended the day at 15422.31, a fall of 274.59 points. The BSE bellwether had gained 507 points or 3.3 per cent in the last two days.
Realty, banks, IT and consumer durable stocks bore the maximum brunt of heavy selling on BSE.
Rupee steady
The rupee ended almost flat at 42.88/89 against the U.S. currency on Wednesday. At the interbank foreign exchange market, the rupee moved in a range of 42.85 and 42.92 after resuming better at 42.85/87 a dollar from Tuesday’s close of 42.89/90 a dollar. — PTI
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