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Sensex losers, gainers this week
It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
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Sensex, Nifty fall after budget proposes higher taxes
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A broker reacts while trading at a stock brokerage firm in Mumbai November 11, 2008.
Credit: Reuters/Arko Datta/Files
MUMBAI |
MUMBAI (Reuters) - The Sensex and the Nifty fell on Thursday, erasing earlier gains, after the 2012/13 budget proposed increasing some corporate and individual taxes and after a securities transaction tax was lowered but not eliminated.
The rupee fell against the U.S. dollar, trading at 53.99/54.00 from levels of around 53.70 before the budget.
The Sensex was down 0.4 percent as of 12:39 p.m., after earlier gaining as much as 0.88 percent.
The Nifty fell 0.31 percent.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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