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Mid, small caps hammered as earnings downgrades loom

Mid and small cap shares plunged on Wednesday, as investors worried about the impact of high interest rates on the profitability of these companies. DB Realty chief executive Shahid Balwa’s arrest the previous evening, and fresh allegations of fraud against Anil Ambani group companies, added to the nervousness in the market.

February 09, 2011 / 23:37 IST
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Mid and small cap shares plunged on Wednesday, as investors worried about the impact of high interest rates on the profitability of these companies. DB Realty chief executive Shahid Balwa

first published: Feb 9, 2011 04:36 pm

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