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Fear
of jump in oil imports cost shaves 10% off refinery stocks |
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Thanks to a spurt in the crude
oil price post-US attack, Indian refinery stocks shed up to
10 per cent on Wednesday. Investors liquidated their positions
on fears of a jump in the cost of oil imports. |
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FM
assures faster replacement of Sebi board members |
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Finance minister Yashwant Sinha
on Wednesday appeared to be endorsing the Sebi need of adding
two more members to strengthen the regulator’s board, which
currently has just three members including chairman DR Mehta. |
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Software
stocks see huge offloading |
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The Indian software stocks
witnessed massive off-loading on Wednesday following the terrorist
strike in the US.
Software companies, which have a huge exposure to the US markets,
plunged by over 14 per cent in a day. |
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Selling
pressure sees 91% A-group stocks plunge |
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The US catastrophe has send
shivers down the spines of investors as panic off-loading marked
the trading on Wednesday. Interestingly, the fall in stock prices
was not restricted to key stocks in a market which lacks depth.
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