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Sensex falls for 2nd day, Nifty ends below 7750

Discussion in 'Stock Market News & Analysis' started by chetanepic, May 20, 2016.

  1. chetanepic

    chetanepic New Member

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    The 30-share BSE Sensex slipped 97.82 points to 25301.90 and the 50-share NSE Nifty dropped 33.70 points to 7749.70. The market breadth was also negative as about two shares declined for every share rising on the Bombay Stock Exchange.

    For the week, the Sensex declined 0.7 percent and Nifty fell 0.8 percent while Nifty Midcap and BSE Smallcap indices were down over a percent.

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  2. farhan khan

    farhan khan New Member

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    Crude oil rallied in the past two sessions after rebels in Nigeria's Niger Delta vowed to halt output in the country, which until last year was Africa's biggest producer turning out about 2 million barrels per day (bpd). The Nigerian government said on Tuesday it was initiating talks with the rebels. "The market remains concerned about unscheduled supply interruptions with the latest coming from additional shut-ins in Nigeria," Dominick Chirichella, senior partner at the Energy Management Institute in New York, said.
     
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