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Moneycontrol India :: News :: Mind blowing fall in stocks today :: :: Udayan's comments :: Nifty ,Nagarjuna Fertilisers ,SAIL ,IDFC ,Grid
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Mind blowing fall in stocks today
2008-03-13 18:52:03 Source : moneycontrol.com
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We will close around that 4,620 level, which was the low where we bounced from on Monday but today we are about to close there. It is not just an intraday dip to that level and the Sensex will close just about at the January lows or thereabouts. 15,350, which was the intraday low of that January bottom, which we formed but today we are going to close around those levels. It will be a dismal closing whichever way you look at it. United States is not promising much but it still is a very dismal closing. The damage in Nifty Junior and the Midcap Index has been nothing short of spectacular today. The way some of these stocks have fallen today, DLF (Delhi Leasing and Finance)- 15%, Nagarjuna Fertilisers - 13%, SAIL (Steel Authority of India) 12%, Power Grid 14%, IDFC (Infrastructure Development Finance Company) - 11% - they are mind blowing kind of falls that we have seen in some of the stocks today.

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