Thursday, August 23, 2007

Market closes lower amid political nervousness

Source: Moneycontrol.com

It was an extremely volatile session for the markets on the back of political unceratnity on Indo US nuke deal. There was extreme political nervousness after 1:00 pm which took markets in the red zone.

The Left has taken a hard stance. Central Committee describes Indo-US Nuke deal as 'unacceptable', Central Committee says Govt must not negotiate with IAEA for safeguards.

The midcaps and smallcaps took it on the chin and ended with deeper cracks.

Sensex and Nifty has been swinging sharply on both the side of flat line. Sensex has swung nearly 400 points and Nifty has swung over 100 points. The fall has come despite some positive cues from Asia and US equity markets.

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