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Sensex breaks 4-day rising streak ends 150 pts lower

By Lokmat English Desk | Updated: June 29, 2022 17:53 IST

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The four-day rally in the stock markets came to a halt on Wednesday amid profit-taking, and global signals, and the benchmark Sensex fell more than 150 points.
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At one point during the trade, it had broken 564.77 points, or 1.06 percent, to 52,612.68 points. Similarly, the wide-based National Stock Exchange Nifty fell by 51.10 points, or 0.32 percent, to close at 15,799.10 points. Out of 50 Nifty stocks, 34 were at a loss.
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However, gains in shares of NTPC, Reliance Industries, Sun Pharma, Ultratech Cement, and ITC gave some support to Sensex. Ajit Mishra, Vice-Research, Religare Broking Ltd, said.
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However, buying shares of some large companies offset some of the losses. Korea's Kospi and Hong Kong's Hang Seng declined.
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Vinod Nair, head of research at Geojit Financial Services, said that uncontrolled and sustained rise in inflation has led to a sharp decline in consumer confidence. However, staying strong in some major companies helped reduce losses.
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