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The Nifty and Sensex closed marginally in the red in a see-saw trading session on Wednesday.
Markets were briefly in the green in the afternoon after European markets opened. They again slipped back into the red after a tsunami warning followed a massive earthquake of 8.6 magnitude on the Richter scale struck Indonesia.
Finally the Nifty shed 17 points over its previous close and closed at 5,226. The Sensex lost 44 points and closed at 17,199.
“There is lack of confidence among market participants in India especially on Government policy,” said the Head of Research of a multinational brokerage.
“This has been magnified by other factors such as euro zone and today’s tsunami alert.”
All the sectoral indices closed flat with most of them in the red. Volatility was up two per cent and the India Vix closed at 22.29.
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