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Sensex Falls 200 Points As China Shares Crash Again

Indian markets were weak in noon trade but traded off day's lows. The Sensex was down 165 points lower at 24,768, after falling over 300 points in early trade follwing a selloff in China markets. The Nifty traded near 7,550, down 60 points. The Nifty had fell below 7,500 at day's low.
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Sensex Falls 200 Points As China Shares Crash Again

Indian markets were weak in noon trade but traded off day's lows. The Sensex was down 165 points lower at 24,768, after falling over 300 points in early trade follwing a selloff in China markets. The Nifty traded near 7,550, down 60 points. The Nifty had fell below 7,500 at day's low. 

Here is a 10-point cheat-sheet

1) Selling pressure was seen across all sectors in the Indian market. Tata Power, Adani Ports, Wipro, Bhel, Tata Steel were the major laggards in the Nifty 50 index. Some buying in Reliance Industries, Tata Motors, Hindustan Unilever and Maruti Suzuki helped to support market at lower levels. 

2) Banking, infra, IT and metal shares witnessed a selloff today. The NSE's sub-indices for banking and metal were down 1.26 per cent and 1.93 per cent respectively. 

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