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Sensex, Nifty plunge 24% in a aterrible' year.

Business Line

| December 31, 2011 | COPYRIGHT 1999 Kasturi & Sons Ltd. (Hide copyright information)Copyright

Byline: Our Bureau

Global woes, high domestic inflation, falling rupee to blame

aTerrible' and apeculiar' is how market-men described calendar 2011. The benchmark indices fell 24 per cent and the Indian market was among the worst performer in the world during the year.

The BSE Sensex closed on Friday a the last trading day of 2011 a at 15,454.92, while the Nifty closed at 4,624.30. On January 3, 2011 a the first trading session of the year a the Sensex had ended the day at 20,561 and the Nifty at 6,157.

On Friday, both the Sensex and the Nifty closed down 0.5 per cent. The markets opened positive on the back of good global markets rally, but …

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