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Friday, November 28, 2008

Tata group stocks fall following terrorist attack on Taj Hotels

MUMBAI: Shares of Tata Group of companies fell Friday following the heinous terrorist attack on the Taj Mahal Hotel.

Except for Tata Consultancy Services, all other Tata Group companies’ shares were weak. At 10:42 am, Tata Motors slipped 3.21 per cent, Tata Steel fell 2.8 per cent, Tata Power skid 0.06 per cent, Tata Chemicals slid 0.61 per cent, Tata Teleservices dropped 0.51 per cent.

TCS gained 4 per cent on short covering given the F&O expiry, which was postponed due to the terror attack.

Meanwhile, terrorists launched coordinated attacks in India's financial center of Mumbai on Wednesday, killing at least 132 and wounding hundreds at a train station, luxury hotels and a restaurant popular with Western tourists and wealthy Indians.

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