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Market opens negative

Equities opened on a negative note and continued to slip further on account of discouraging Asian markets. Inflation remained unchanged.

Asian stocks declined on concern a U.S. financial rescue plan hit a snag and after a measure of shipping rates tumbled the most in three months.

The wholesale price index (WPI) Inflation remained unchanged at 12.14% for the week ended Sep. 13, 2008, compared with the week before. The annual rate of inflation stood at 3.51% as on Sep. 15, 2007 i.e. a year...

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