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US market Plunges down by 257 points
- Filed under: World Market
- Date: Apr 13,2008
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The Dow Jones closed 257 points lower at 12325 while the Nasdaq shut shop at 2290 down 61 points.
What made the market to plunge is ?
>GE reports first quarter earnings below expectations, issues a disappointing outlook for 2008
>Consumer Confidence falls to lowest level since 1982 in April, according to an University of Michigan Survey
All indian ADR’s are down except Sterlite.
Wipro was down by 3.58% at $ 11.03,
Patni Commputer down 2.86% at $ 12.23,
Satyam was down 2.69% at $ 22.76,
Infosys down 1.21% at $ 35.81.
HDFC Bank was down 3.58% at .24,
ICICI Bank was down 2.94% at $ 38.95.
Ranbaxy was down 1.61% at $ 14.69.
Tata Motors was down 2.88% at $ 15.17.
