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Sensex down 0.4 per cent; Dish TV falls

Bapun Raz

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24 Aug, 2011, 0924 hrs IST, ECONOMICTIMES.COM NEW DELHI: Indian shares slipped 0.4 per cent early
on Wednesday, mirroring fall in Asian markets after
Moody's Investors Service downgraded Japan's
credit rating. Dish TV slipped 1.1 % to Rs 80.50 on reports that
Income tax officials could soon knock on the doors
of India's largest DTH service provider for recovery
of tax dues for the last fiscal year. "The trend deciding level for the day is
16,420/4,926 levels. If NIFTY trades above this
level during the first half-an-hour of trade then we
may witness a further rally up to
16,627-16,756/4,989-5,028 levels", according to a
report by Angel Broking. "However, if NIFTY trades below 16,420/4,926
levels for the first half-an-hour of trade then it may
correct up to 16,291-16,084/4,887-4,824 levels",
added the report. At 9:18 a.m., the 30-share BSE index was down 71
points at 16,426.63 points, with 26 of its
components in negative territory. The 50-share NSE index was down 22 points at
4,926.25.
 
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