Markets plunge on global cues

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honeykk

Markets plunge on global cues

Post by honeykk » Mon Jun 07, 2010 4:23 am

The markets have opened in a sea of red in line with the negative cues emanating from the global Street. The Sensex is quoting at 16718, weaker by 398 points and the Nifty is at 5013, lower by 1221 points.
 There is no place to hide across the Asian bourses, with the Hang Seng shedding 493 points or 2.5% and the Nikkei losing 397 points or 4%. Blame the US markets for the dismal state of affairs this morning. Wall Street had tumbled on Friday due to disappointing US payroll data, with the Dow Jones falling below 10000 mark to rest at 9931, down 323.31 points.
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