Wednesday, June 30, 2010

Sensex down 170 pts as stocks tumble on weak global cues


Amid growing concerns about global economy, and mirroring weakness across global markets, the Indian market opened on a highly negative note this morning.

Disappointing U.S. private sector jobs report, weak economic reports from parts of Asia and a possible rating downgrade on Spain by Moody's rating have raised concerns about global economic recovery.

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