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China impact: Sensex falters from early high after Shanghai index crashes over 5%

Aug 18, 2015    

Key local equity benchmark indices erased all its early gains as stocks came under renewed selling pressure weighed down by a sharp fall in China's Shanghai Composite index that tumbled over 5 percent, reigniting worries that a slowing dragon country could stymie global growth, including India.To make matter worse, rating agency Moody's Investors Service also lowered India's growth forecast to 7 percent for this year from 7.5 percent projected earlier, citing monsoon concerns and cautioned that further risks to growth stems from slow pace of reforms, a PTI report said."One main risk to ou...

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