Indian Stock Market continued its slumping phase for the fourth successive day. End of the day SENSEX closed at 16,769, down 218 pts which is the fresh low set by SENSEX. For the last two months SENSEX closes its lowest below the psychological level of 17,000. Today Indian Stock Market started at weak points and continued its weekness. However a mild recovery in Europian Markets and healthy food inflation data helped to trim some of the looses. Capital goods, metals and IT sectors were incurring losses while pharma, FMCG and bank stocks shown some interest of buyers. But finally Stock Market closed 1.29% negative.
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