Sensex in a topping pattern drops 79pts
Babu Ghanta
Sep. 7, 2006

BSE IT index slipped 1.4% to 4281, the Healthcare index dropped 1.2% to 3599. The FMCG and Oil & Gas index dropped 1% each to 2016 and 5717, respectively.

The index gap opened lower and then rallied to a high of 11,921 in morning trades but finally closed 79 points lower.

Some experts are calling for a classical topping action in the Sensex that can lead thge index below 4000 within two years and euphoria on Indian and Chinese economies subside.

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