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The S&P BSE Sensex opened weak in trade on Wednesday, slipping 50 points tracking mixed cues from other Asian markets and Wall Street over nights. The losses on the index were led by Infosys, ONGC and State Bank of India.The 50-stock baroemter Nifty50 was also down but above its crucial psychological level of 7,800 led lower by Infosys, HCL Tech, Vedanta and ONGC.
In the office of the small paint factory he helps run, Pramod Patel is clear on the problem holding back India's manufacturing growth: cash, or a lack of it.Asian share markets were cautious on Wednesday as another bomb scare in Europe days after the deadly Paris attacks left investors in a contemplative mood, giving a boost to safe-haven U.S. bonds and the dollar.
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