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Market Update : 
Sensex Plunges 5%
Author: 123jump.com Staff
123jump.com
Last Update: 1:19 AM EDT March 13 2008

Indian stocks declined a day after industrial production fell January data and a weak global markets. Sensex plunged 4.8% or 770.63 to close at 15,357.35. The Sensex index is now down 29% from its peak in the first week in January 2008. Record crude oil above $110 lifted worries related to inflation. DLF plunged 13% after the reports that the company may dealy its offering in Singapore. ICICI Bank dropped 5.7% and State Bank of India declined 7%.

 

 

 
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