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Sensex dives 572 pts on oil jitters, global sell-off

DNMUM427571 | 12/7/2018 | Author : Ahana Chatterjee | WC :400

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Assembly elections, arrest of Huawei CFO keep investors on edge

Mumbai: The benchmark stock market indices lost more than 1.50% on Thursday following a global sell-off and investor coverns over crude oil prices, rupee and upcoming state election results.
The BSE Sensex plunged 572.28 points, or 1.59%, ended at 35312.13. The 30-share gauge has lost 928.87 points in the last three sessions.
The broader NSE Nifty lost 181.75 points, or 1.69%, to settle at 10601.15. During the intra-day trade, the 50-share index went as low as 10588.30.
A fresh foreign fund outflow and rupee falling below 71 per dollar during the intra-day trade also made the investors cautious.
“Capital markets had a rough day, as they were trying to navigate too many data points such as re-emergence of sharp w
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