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Sensex sheds 300 points at close

November 12, 2008

The Sensex on Wednesday closed down 303 points at 9536, a loss of 3.08%.

The market witnessed high volatility today amid significant weakness in realty, banking and metal stocks.

The Sensex opened 156 points lower at 9,684, and a brief decline the index rebouned into the positive zone and touched a high of 9,929 - up 245 points from the day's open - following better-than-expected IIP numbers for September.

The index, however, slipped back into the negative zone and drifted lower in mid-noon trades.

The index tumbled to a low of 9,377 - down 552 points from the day's high. Selective buying towards the end, helped the Sensex cut losses and finally settle with a loss of 303 points.

Image: The illuminated Bombay Stock Exchange during Diwali. | Photograph: Sajjad Hussain/AFP/Getty Images

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