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Metal stocks struggle in trade

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Metal companies fared badly at the bourses on Monday, causing the BSE Metal Index to drop nearly 2 percent.

Iron ore firm Sesa Goa ended as the top loser in the index, dropping more than 6 percent to 401.55 rupees. Gujarat NRE Coke shares slipped 4.3 percent.

Only three stocks in the index – JSL, NALCO and SAIL – closed in the positive.

Among other top firms, Sterlite Industries ended down 2.4 percent while Tata Steel slipped 1.6 percent.

Metal index ends as top sectoral loser

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The BSE Metal index dropped 2 percent on Wednesday and was the top sectoral loser, with all components ending in the red.

Top counters like Tata Steel and Hindalco were the top losers in the metal index and the Sensex.

Metal stocks rally

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It was a good day at the bourses for metal stocks, with the BSE Metal Index gaining 4.2 percent in a broader market that jumped over 400 points.

All stocks in the metal index closed in the green, with Gujarat NRE Coke and Sesa Goa leading the pack with gains of over 7 percent each.

Market ends weak, Sensex slips over 1 pct

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INDIAThe Sensex ended the week on a negative note, slipping over 1 percent, but still managed to post its 14th consecutive weekly rise.

Profit-booking continued in a market that has risen sharply since early March, dragging the benchmark down by 174 points to 15,274.

Sensex ends flat in choppy trade

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The Sensex jumped nearly 50 points on Friday to end at 10,048.49, driven mostly by increasing optimism worldwide.

Gains however were capped by profit-booking in a market that has recovered considerable ground after Satyam unveiled the country’s biggest corporate fraud in early January.

Sensex sheds 0.4 pct, but gains 2.4 pct on week

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MARKETS-SOUTHASIA-STOCKSThe Sensex ended 35 points lower on Friday on profit-booking ahead of the weekend.

The top benchmark losers included Tata Motors, which slipped 6.2 percent, ICICI Bank, which was down 4.5 percent, and L&T which lost 4 percent.

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