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CLOSE CALL: NBER's confirmation that the US has been in recession since December 2007 hurt the markets in early trade

CLOSE CALL: NBER

Markets end weak despite sharp recovery

The markets ended lower despite showing sharp recovery in last one hour of trade. The benchmark indices had opened with sharp gap down on account of weak trend across the globe, as the National Bureau of Economic Research or NBER confirmed that the US has been in recession since December 2007, and manufacturing in the US contracted the most since 1982. Both indices had remained extremely under pressure.

MARKET FALLS: At 9:56 am, the Sensex went down 136 points and the Nifty fell 27 points.

Markets in red, Sensex opens below 9000

At 0956 hrs IST, the Sensex went down by 136 points and the Nifty fell 27 points.

http://www.ibnlive.com/news/markets-in-red-sensex-opens-below-9000/78859-16.html

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