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Stock Market Closing News
Benchmark indices posted their biggest one-day loss in percentage terms since June 24.
Broader markets under performed with the Midcap index positing biggest one fall in six months.
The 30-share BSE Sensex was down 443.71 points or 1.54 percent at 28353.54 and the 50-share NSE Nifty down 151.10 points or 1.70 percent at 8715.60.
The market breadth remained in favour of declines. About three shares fell for every share rising on the Bombay Stock Exchange.
European markets were down 1.5-2 percent on fears of Federal Reserve considering rate hike next week in a policy meeting.
ITC, L&T, Tata Motors, SBI, ICICI Bank and Axis Bank were down 2-4 percent whereas IT outperformed.
Our Full Target Achieved Trading Calls
Stock Future Call
Stock Option Call
Buy VEDL 170 Call
Sensex Down – 428.82 @ 28368.43
Nifty Future Down – 155.75 @ 8748.00
Bank Nifty Future Down – 435.40 @ 19915.00