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    HomeNewsBusinessMarketsNifty tests 5650 again; oil & gas, financials slip

    Nifty tests 5650 again; oil & gas, financials slip

    At 12:36 hours IST - the benchmark Nifty has tested 5,650 again on the back sell-off in oil & gas, financial, telecom, metal, FMCG and select auto companies' shares. Asian markets too slipped further.

    January 20, 2011 / 13:05 IST

    At 12:36 hours IST - the benchmark Nifty has tested 5,650 again on the back sell-off in oil & gas, financial, telecom, metal, FMCG and select auto companies' shares. Asian markets too slipped further; Shanghai tumbled 2.7% and Hang Seng lost 1.7%. Nikkei and Straits Times were down 1% each. Kospi and Taiwan fell 0.4% each.


    Suresh Mahadevan, managing director and head of Indian equities at UBS Securities doesn't see much downside from current levels.

    However, he doesn
    first published: Jan 20, 2011 12:44 pm

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