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BSE Sensex Index

The BSE Sensex dropped more than 200 factors in mid-day business following poor starting of European markets. France's CAC, Germany's DAX and The united kingdom's FTSE were down 1% each while The country and Tuscany tanked nearly 2% as the industry questions over Spain's capability to prevent a sovereign bailout after two delinquent areas (Valencia and Catalonia) desired economical aid from the main government.

The BSE benchmark tumbled 210.81 points or 1.22% to 16947.50 and the NSE benchmark was down 67.30 points or 1.19% to 5,137.60.

Top private sector lender ICICI Bank lost 1.5% while its rivals State Bank of India and HDFC Bank were down more than 1%.

Software services exporter Infosys and cigarette major ITC were down 1% each. Engineering and construction major by sales Larsen & Toubro slipped 1.6% ahead of June quarter numbers as analysts on an average expect standalone profit after tax to grow by 11% year-on-year to Rs 827 crore in the quarter ended June 2012.

Country's largest car maker Maruti Suzuki crashed 6% due to work stoppage at Manesar plant after Wednesday's violence.

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