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Sensex drops below 25,000 level; down by 33 points in early trade

Article by Hiral Vilas

Today, in an early trade ,BSE Sensex fell by 33 points to 24,991.69  as a result of sales in IT, tech, consumer durable and healthcare stocks amid foreign capital outflows. Stock markets were affected adversely by data showing that foreign portfolio investors (FPIs) were net sellers of Indian stocks on closing day of last week.They sold shares worth a net Rs. 723.48 crore, says provisional data from the stock exchanges. Today, Sensex started slightly above 25,093.16 and moved up further to 25,095.76.

NSE 50-share Nifty dropped by 12.30 points, or 0.16%, to 7,447.30 at 10am.Other losers were Coal India (1.99%), SSLT (1.70%), Bharti Airtel (1.51%) and Sun Pharma (1.15%).However, Asian markets edged higher in their early trade as euro zone banking jitters faded.

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