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Carnage in Bombay Stock market Dalal Street, Sensex plunges below 15K

MUMBAI: India's benchmark share index, Sensex fell below 15,000 points on Wednesday for the first time since July 12, taking its losses for the day to 3.6 per cent.
At 12:14 pm, the 30-share index was 560.30 points down at 14,990.69, with all its components losing ground. No entry to Indian Economy???
The index, which hit a record high of 15,868.85 last week, rose 6.15 per cent over July, its fifth straight monthly rise.
Taking a cue from weak Wall Street, Asian markets this morning showed sharp losses with indices falling by one to four per cent, following concerns over thesubprime mortgages and credit markets in the US as well as global crude oil pricess which are close to hit an all-time high.
The markets even discounted Finance Minister P Chidambaram's indication of a cut in taxes and continuation of area-based exemptions to the industry.

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Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price


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