Indian indices closed lower as Sensex fell 454 points and Nifty dropped 123 points. Small- and midcap stocks had their worst week. Market sentiment subdued globally with concerns over interest rate cuts and diverging stress test results. Sharekhan’s Jatin Gedia says: “In terms of levels, 22215 – 22250 is the immediate hurdle zone while 21900 -21860 is the crucial support.”
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