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| Hedge funds, the biggest investors in the domestic stock markets in recent times, dumped stocks for the second straight day on Friday, booking profits after a profitable run in the last three months. |
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| Further pressure on the markets came from institutions committed to program trading whose systems sent out sell orders when the Sensex touched 3,750 in intra-day trades on Thursday. |
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| Brokers added that retail investors sold shares in the markets, prompted by heavy margin calls on their exposure in the derivatives markets. |
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| With the market-wide limits in a number of stocks hitting the 80 per cent trigger, the National Stock Exchange (NSE) doubled margins on stock futures. |
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Adds a dealer at a local brokerage house,
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