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Sensex Falls By Nearly 500 Points On Rate Hike Fears

Bombay Stock Exchange (BSE). Image Credit: Tehelka MUMBAI, Jan 7: The Sensex lost nearly 500 points (2.44 per cent) on Friday, as worries of a steep rate hike by the Reserve Bank of India (RBI) dominated market sentiment. The drop pulled down the Sensex below the 20,000 level to 19,691.81. The Nifty...