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The Nifty and the Sensex shed over 1.3 per cent on global cues and tightening domestic liquidity.
The Nifty closed at 5,908 down 83 points while the Sensex closed at 19,805, down 286 points.
Barring IT and media all other sectoral indices closed in the red. FMCG, MNCs and commodity scrips were the worst hit.
Ramraj Pai, President, CRISIL Ratings, said “CRISIL will closely monitor three macro factors over the next three quarters — degree of slowdown in demand, availability of adequate funding at reasonable rates, and currency volatility.”
Volatility was down one per cent and the volatility index India Vix closed at 16.72.
Hero Motocorp, Asian Paints, BPCL, Tata Motors and Axis Bank were the top five Nifty gainers while Ambuja Cement, JP Associates, ITC, HUL and Tata Power were the top losers.
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