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Nervousness grips market

MUMBAI MARCH 7. Nervousness gripped the Bombay Stock Exchange today after fresh threats of an imminent war on Iraq sent indices reeling under heavy selling pressure, pulling down the Sensex by another 37.29 points to close at 3153.06 in line with global weakness ahead of a pivotal report by UN inspectors.

A fall in world markets also aided the downtrend. The Dow Jones Industrial Average and the Nasdaq Composite Index dropped by 101.61 points and 11.51 points respectively yesterday. Southeast Asian markets also encountered nervous selling. The Nikkei dipped by 225.03 points, the Singapore ST Index by 17.67 points and the Hang Seng by 55.16 points.

The BSE-30 share sensitive index opened lower at 3182.16 against 3190.35 and moved down further to a low of 3142.89 before concluding at 3153.06, a steep fall of 1.17 per cent. — PTI

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