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BSE Sensex Descends 196 Points during Morning Deals

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BSE Sensex Descends 196 Points during Morning Deals

January 30
10:57 2014

sensexNew Delhi, Thursday, January 30 – Today, the benchmark BSE Sensex descended in excess of 196 points in morning deals on constant offloading by funds as soon as the US Federal Reserve chose to further narrow its monetary stimulus program, widening losses for the fifth consecutive session.

In addition to this, by 196.27 points, or 0.95 %, the 30-stock gauge, which had shed more than 726 points in the previous four sessions, skidded more to 20,451.03.

Being guided by customer durables, banking and realty segment, the entire sector indices changed hands in unconstructive region. Dealers stated that a feeble trend in Asian deal ignited by rising markets chaos combined with the Federal Reserve making its mind up to further trim its monetary stimulus by $ 10 billion to $ 65 billion reduced the dealing sentiment.

At the same time as Hong Kong’s Hang Seng index lost 1.22 % in morning deals, Nikkei Index of Japan fell down by 3.33 %. In deal of January 29, the US Dow Jones Industrial Average finished 1.19 % lower.

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