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Wednesday, May 13, 2009
MIXED MARKET +ELLECTION
The Sensex fell 1.1 percent in choppy trade on Wednesday as investors locked in profits after a 4 percent rally in the previous session, and awaited exit polls due around 5 p.m. after voting ends in national elections. Worries a weak coalition could emerge kept investors wary, after the market rose on Tuesday on speculation the Bharatiya Janata Party (BJP)-led opposition group, seen as market friendly, was gaining momentum. Even though exit polls have been unreliable in the past, traders hope they could provide clues about the trend. Results of the month-long general election will be known on Saturday. "The undercurrent is still positive, but since the election results are just around the corner, investors are booking profits as we have had a very good rally recently
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