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The Indian share market fell for third consecutive session
on Monday with the Nifty breaking 7850 level intraday, reacting to weak global
cues and stormy Parliament session. Oil, auto, metals, Pharma and select
banking & financials weighed down.
The equity market was also volatile ahead of expiry of April
Nifty derivative contracts due on Thursday. The 30-share BSE Sensex fell 159.21
points or 0.62 percent to 25678.93 and the 50-share NSE Nifty declined 44.25
points or 0.56 percent to 7855.05.
The broader markets outperformed benchmarks as the BSE Midcap and Smallcap indices were down only 0.14 percent and 0.4 percent, respectively. The market breadth remained weak as about 1534 shares declined against 1079 advancing shares on Bombay Stock Exchange. Meanwhile, the new session of Parliament has begun on a stormy note.
The broader markets outperformed benchmarks as the BSE Midcap and Smallcap indices were down only 0.14 percent and 0.4 percent, respectively. The market breadth remained weak as about 1534 shares declined against 1079 advancing shares on Bombay Stock Exchange. Meanwhile, the new session of Parliament has begun on a stormy note.
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