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Monday September 1st 2014

Sensex Down for the fourth Straight day

Sensex started as if it would close green only but it saw a very big swing today it recovered 330 points but closed down by 94.91 points or 1.01% to 9,291.01 after swinging 479 points in volatile trade between the day’s low of 8956 and high of 9435 .At least it closed above 9000 points.

Market in fact opened in green after weekend announcement by RBI that it will shield the Indian economy from the global economic slowdown .But the market started broking down after seeing all it neighbors started going down , Japan for the first time in seven years went clipped to recession in the third QTR of the year.
Realty sectors are the worse hit sector today as it had concerns if the banks would them loan.