Markets drop in response to global developments

Bad day at the markets in India today with the Sensex falling by over 200 points in response to global correction and a weaker rupee.

The rupee fell 50 paise while the European markets are down around 1.5% each.

Banking and fnancial stocks pulled the market lower.

The Sensex fell by 230.70 points to end at 34,934.78 while the NSE Nifty lost 68.50 points to close at 10,620.20.

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