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| "Cruide Oil" |
Again the stock market plunged badly and this time reason was unrest in Libya. In Indian Stock Market Sensex tumbled by 500 points and Nifty tumbled by 170 points. Other major benchmarks also crashed.Both Indian Equity benchmarks Sensex and nifty dropped badly today with the end of the market.The main culprit of this crash was increased prices of Cruide oil. This is a cruical time for Indian stock market before the coming Budget 2011. Inflation rate has also been increased in comparison to the last few days. All the world markets are facing the same situation.Rise in oil prices has affected all the stock markets in the world.
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