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The buying took Sensex 1,163 points higher from the day's low of 52,261 to end at 53,424 up by 581 points.
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Sensex dipped to 52,410 and recovered sharply from the lows to 52,647 yet lower by 195 points. Nifty 50 was quoting at 15,813 down by 49 points.
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This ongoing weakness has effect large caps more this week
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By breaking below the key support the prices have confirmed a ‘Cup N Handle’ bearish breakdown
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At close, Sensex plummeted 1,491 points or 2.74% at 52,842. Likewise, Nifty 50 settled at 15,863 cracking 382 points or 2.35%.
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In opening trades, Sensex plunged 1,695 points or 3.12% breaking the 53,000- mark to trade at 52,871.
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In opening trades, Sensex slipped 743 points or 1.35% to 54,359 while Nifty 50 opened below the 16,300-mark at 16,286 slipping 211 points or 1.28%
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To understand the business health of a company, it is very important to understand its cash flow. How is cash flow calculated?
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Can it be predicted in advance that a company is committing fraud or malpractices? What kind of documents need to be scrutinized for this.
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26 out of 30 Sensex stocks were trading in the green with Wipro, TechMahindra, IndusInd Bank, PowerGrid and NTPC being the top gainers.