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Earnings pressure continues, pulls Sensex down by 210 pts

Market experts pointed out that corporate earnings for the quarter is expected to remain subdued.

By: ENS Economic Bureau | New Delhi |
April 22, 2015 2:17:54 am

With concerns over corporate earnings for the quarter ended March 2015 continuing, domestic markets extended their fall for the fifth successive trading session on Tuesday to close at over three week lows.

While the 30-stock benchmark Sensex at the Bombay Stock Exchange fell by 210 points or 0.8 per cent to close at 27,676 on Tuesday, the broader Nifty at the National Stock Exchange fell by 70 points or 0.8 per cent to close at 8,377.8.

Over the last five trading sessions the Sensex and Nifty have lost an aggregate of 4.7 and 5.2 per cent, respectively.

Market experts pointed out that corporate earnings for the quarter is expected to remain subdued and the revival in earnings may only happen in the second quarter of the financial year 2015-16.

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