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Posted by Levasto India
Sensex down 106 points on weak global cues
Mumbai: The Nifty and the Sensex were in the red following weak global cues
At 2.05 pm on Friday, the Nifty was trading at 5,208.10, down 34.6 points. The Sensex was at 17,172, down 106.55 points.
Dealers said that stock markets were getting anxious ahead of RIL results. The RIL scrip was marginally in the red on the BSE, down 0.14 per cent at Rs 726.70.
Traded quantity for RIL on the BSE was on the lower side at 1.5 lakh shares. This was nearly a lakh below the two-week average traded quantity of 2.49 lakh.
Volatility was 2.44 per cent and the India Vix was trading at 16.78.
Asian and European markets fell on concerns that the European debt crisis was slowing the global economy. Oil also fell from its highest level.