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Sensex down 216 points on profit-booking

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The dynamic price band is fixed for securities on which derivatives products are available, index and stock futures and also on stocks included in indices on which derivatives products exist.
The dynamic price band is fixed for securities on which derivatives products are available, index and stock futures and also on stocks included in indices on which derivatives products exist.

Volatility in the capital market continued on Thursday as the rupee dropped against the dollar. Taking cues from European stocks, key indices dropped.

The benchmark Sensex was down 216 points at 19,782 as investors preferred to book profit. It touched a low of 19,676 and high of 20,052. Nifty was down 62 points at 5,851.

Shares of UltraTech Cement were up 0.16 per cent at Rs 1,735 after the company acquired the Gujarat cement plant of Jaypee Cement Corporation for Rs 3,800 crore on Wednesday.

Jaiprakash Associates tumbled 12 per cent to Rs 38. The Group claimed it will remain the third largest cement manufacturer even after selling its 4.8 million tonne Gujarat unit to UltraTech.

State-owned oil marketing companies HPCL, BPCL and IOC dropped as international crude oil prices rose. Oil Secretary Vivek Rae said that the government will consider hiking retail prices of diesel and cooking gas (LPG) in a few weeks.

Major losers of the day include Siemens (-8%), Yes Bank (-7%), JP INFRA Techh (-7%), Future Retail (-6%), Indusind Bank (-5%), ABB (-5%), ING Vysya Bank (-5%), Wockhardt (-4%), OIL India (-4%), Tata Steel (-4%) and BHEL (4%).

(This article was published on September 12, 2013)
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