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Sensex falls close to 9,600 pts; PSU, oil stocks plunge

Wednesday 7 June 2006

Mumbai, June 7 (PTI): Plunging stocks drove down the benchmark Sensex near to 9,600 level in afternoon trading on the Bombay Stock Exchange today as funds off-loaded heavily.

The Sensex, which was higher by 94 points at the outset, fell sharply to a four-month low by falling 348.11 points at 9609.21, last seen on January 25, this year.

In similar pattern of trade, the National Stock Exchange index Nifty lost 117.85 at 2819.45, much below a level it touched on ’Black Monday’ on May 22, 2006.

As the Oil and PSU stocks suffered the most, all 30 Sensex related and 50 Nifty shares were down in the red with huge losses.

See online : The Hindu

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