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Sensex falls 3.25 pct, flu fears weigh

April 28, 2009

MARKETS SOUTHASIA STOCKSIt was a bad day for the markets as the Sensex dropped 370 points to close at 11,001, taking cues form weakness in global markets.

Concerns about the financial sector and fears about a possible flu pandemic also weighed on sentiments.

Sensex heavyweights like Reliance Industries (down 2.6 percent), HDFC (down 7.3 percent) and ICICI Bank (down 6.1 percent) led the fall.

All sectors ended in the negative, with the realty index leading the pack with losses of 5.7 percent. The metal index slipped 5.6 percent while the banking index closed 4.9 percent lower.

Mindtree was the star performer of the day with its shares surging 21.6 percent.

The top traded counters on BSE included Unitech, JP Associates and Suzlon Energy.

The Sensex today slipped down to just above the 11,000 mark. With just another trading day left in the week (markets are closed on Thursday and Friday), do you think the benchmark can recover its losses tomorrow?

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