Not just Greece, weak Dollar and Chinese market pulling down the sensex
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Iron ore miner Losses on these stocks outpaced the drop on the main index.
Vedanta fell 4.6 percent to 160.50.
The Dollar has gained strength versus other currencies following safe haven buying after the Greek vote. Commodity prices are inversely related to the Dollar, hence the drop in their stock quotes. A sustained fall in Chinese markets is also spooking sentiment on the commodity space.
Hindalco, Nalco and JSPL also figured on the list of 52-week lows.
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NMDC, meanwhile, reported its Iron Ore production details for the first quarter. Volume sales plunged 24 percent to 5.93 million Tons at a time when it also cut prices for iron ore fines by 300 rupees a ton to 1,660 per ton for the month of July. Since
(image credits: mining-technology.com)
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