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India manufacturing growth dips to a two year low

 

Markets seemed to be caught in a downward spiral as the benchmark BSE  sensex on Monday fell for the sixth day – its longest losing run since June – as investors continued to head for the exit mode following weak results and a sluggish global trend.

It was a day when nothing worked for the markets as a private survey showed that India manufacturing growth dropped to a nearly two-year low for October to 50.7, from 51.2 in September, said brokers.

Even positive sales numbers from leading automakers failed to lift the spirits.

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