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    HomeNewsBusinessMarketsBanks, IT majorly contribute to today's carnage: Udayan

    Banks, IT majorly contribute to today's carnage: Udayan

    The market ended on an extremely negative note with Nifty at 4,944 levels down 112 points and Sensex closed shop 393 points lower at 16,447 levels. CNBC-TV18's managing editor Udayan Mukherjee refers this closing as a scary session for the market.

    August 18, 2011 / 17:37 IST

    The market ended on an extremely negative note with Nifty at 4,944 levels down 112 points and Sensex closed shop 393 points lower at 16,447 levels. CNBC-TV18's managing editor Udayan Mukherjee refers this closing as a scary session for the market.

    The Nifty touched the lows of the year at around 4,944 levels. "The Nifty saw a modest pullback from the 4,944 levels, which took it no further than 5,200 levels. Now, we returned to where we were again," Mukherjee said.

    He also indicated that the midcaps were leading to the market

    first published: Aug 18, 2011 03:45 pm

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