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Sensex drops 714pts; REL, ICICI down 10%

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BS Reporter Mumbai
The Sensex is now down 714 at 15,828.

The NSE Nifty is down 208 points at 4,714.

Reliance Energy has tumbled 10.7% to Rs 1,304. Bajaj Auto and ICICI Bank have slumped over 9.5% each to Rs 1,927 and Rs 867, respectively.

Hindalco has dropped nearly 8% to Rs 192, and Ranbaxy has shed 7.3% at Rs 420.

NTPC, Tata Motors and Maruti have slipped around 6% each to Rs 183, Rs 662 and Rs 886, respectively.

BHEL has shed 5.5% at Rs 1,965. Mahindra & Mahindra, HDFC and Satyam are down 5% each at Rs 661, Rs 2,616 and Rs 412, respectively.

The market breadth was extremely negative - out of 2,581 stocks traded so far, 2,409 have declined, 154 have advanced and 18 are unchanged.

 
 

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First Published: Mar 07 2008 | 1:31 PM IST

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