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Sensex loses 4% on foreign funds selling
Tuesday, December 18, 2007 timesofindia.indiatimes.com
(
Business
)
MUMBAI: On Monday, driven mainly by foreign fund selling, the sensex lost nearly 4% to end at 19,261, its lowest close this month. Selling, that started almost from the word go, was across-the-board, and picked up pace later in the day. The main trigger, market players said, was the heightened prospect of a recession in the US, till recently the world’s growth engine, and also price rises.
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