Equity Alert: Shares down around 2%; key European mkts extend fall
MUMBAI--2:43PM--Share indices extended their fall, down around 2%,
in
line with the decline in key European markets, dealers said.
Sensex was at 13622.96, down 372.00 points, or 2.7%. Nifty was at
4140.90,
down 82.15 points, or 1.9%.
"Market may bounce back a little from around 13600 levels, but
people are
going short," said a dealer.
Dealers see support for Nifty around 4100.
Real estate, technology, and bank shares remained worst hit, with
DLF and
Wipro losing nearly 6% each. ICICI Bank slid 4%.
Rare gainers included Cairn India and National Aluminium Co, up
over 2%
each. Sun Pharmaceutical Industries, up nearly 4% on defensive buying,
was
the top Nifty gainer.
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