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Aug 7, 2009

Monsoon led fall

Today's market, everyone says, fell cos of the monsoon.
Another reason could be the weak world markets which are awaiting US job data on Friday.

Mahindra - largest tractor manufacturer also fell today. Companies like Bajaj, Bharti and Maruti, which were betting on rising rural demand fell.

The monsoons also add a risk to economic growth and keeping inflation within limits. Kotak has downgraded the GDP growth target from 6.5 to 4.8%.

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