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Sensex slips over 240 points as elections enter final lap



By Staff Reporter
09 May 2009 @ 10:39 pm IST


A broker reacts while trading at a stock brokerage firm in Mumbai, India
A broker reacts while trading at a stock brokerage firm in Mumbai, India. India's benchmark stock market index, the BSE Sensex slipped 1.98 percent or 240.51 points on Friday, on heavy profit booking triggered political uncertainty ahead of national elections results next week. (Reuters Photo)
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Financial majors ICICI Bank, HDFC, State Bank of India and HDFC Bank plunged 5.19 percent, 4.19 percent, 3.06 percent and 2.83 percent respectively.

Utility majors Reliance Infrastructure, NTPC and Tata Power tumbled 5.07 percent, 1.09 percent and 1.06 percent respectively.

Aluminium producers Sterlite Industries and Hindalco Industries fell 4.93 percent and 2.71 percent respectively.

Auto majors Mahindra & Mahindra, Tata Motors and Maruti Suzuki declined 4.28 percent, 1.36 percent and 1.10 percent respectively.

Telecom majors Reliance Communications and Bharti Airtel slipped 4.11 percent and 1.39 percent respectively.

Other major losers were Tata Steel (down 4.03 percent), ACC (down 3.55 percent) and BHEL (down 3.44 percent).

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