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Sensex loses 124 pts over poor Q1 numbers from Hero Honda,ONGC
Mumbai : The Bombay Stock Exchange benchmark Sensex fell by
124 points today on emergence of selling by funds, triggered by a
decline in the quarterly earnings of ONGC and Hero Honda Motors amid a
weakening global trend. The Sensex, which had gained 35 points in the
previous session, fell by 123.71 points to below the psychological level
of 18,000 points at 17,868.29 after Hero Honda posted its first drop in
quarterly profit in almost three years and oil and gas major ONGC''s
quarterly net income declined by 25 per cent.
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