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Sensex ends 4-day rise, plummets by 239 points

Ending a four-day upsurge, the BSE benchmark Sensex on Wednesday fell 239 points on profit-booking by funds in heavy-weights led by auto and telecom sectors amid concern over lower fourth quarter earnings and a weak global trend.

The Sensex dropped 239.31 points, or 1.26 per cent to 18,801.64. It had touched the day’s low of 18,721.72. The index had gained 360 points in last four trading sessions.

Similarly, the broad-based National Stock Exchange index Nifty plunged 75.20 points, or 1.31 per cent, to 5,672.90, after falling to 5,650.10.

Brokers said the market has been lacking any positive trigger while reports of lower quarterly earnings by companies in the fourth quarter sparked capital outflow.
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