BSE Sensex Falls More Than 200 Points; Banks Hit

February 21, 2013 8:38 AM GMT

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(Photo: Reuters)<br>A broker reacts while trading at a stock brokerage firm in Mumbai November 11, 2008.
(Photo: Reuters)
A broker reacts while trading at a stock brokerage firm in Mumbai November 11, 2008.

The BSE Sensex is down 1.22 percent and the 50-share Nifty slips 1.21 percent, heading towards their biggest single day fall since October 8, 2012.

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Domestic shares extend fall, tracking weak regional stocks on market talk of a hedge fund liquidating big global positions in commodities and worries that the U.S. Federal Reserve could wind down its bond-buying programme.

ICICI Bank (ICBK.NS) shares fall 3.5 percent and State Bank of India falls 1.4 percent after RBI data showed that loan growth continues to remain a concern.

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Reliance Industries (RELI.NS) shares fall 1.5 percent, retreating after a 3.1 percent surge on Wednesday.

ABB (ABB.NS) shares fall 3.5 percent after the company reported a 74 percent fall in Oct-Dec net profit at 167.7 million rupees.

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