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High carryover in range-bound market
A breakout is more probable, since the market rarely range-trades inside 150-200 points for extended periods.

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Business Standard / New Delhi November 30, 2009, 0:40 IST

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Sensex down 50pts in early trades
The Sensex opened marginally (24 points) lower at 17,204 amid weak cues from the global markets. The index soon dropped to a low of 17,111, and is now down 47 points at 17,181.
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Skoda Auto sales up 183% in November

Car maker Skoda Auto India today reported a 183 per cent jump in its total sales at 1,425 units during November this year as against 504 units in the same month last year. - GM India sales up 65% in November - Hyundai to invest Rs 800 cr on small car for India - Steel Strips Wheels bags order from Renault - Ford launches special edition of Fiesta - Audi sales jump 8% in October - GM scraps Opel sale; to embark on European biz restructuring "The launch of the all-new Skoda Superb and the new Laura in the Indian markets have been the main drivers behind SkodaAuto India"s record increase in sales. The all-new Superb, in particular, continues to outperform expectations," Skoda Auto India Board Member (Sales and Marketing) Thomas Kuehl said. "We are considering a price hike between Rs 10,000 and Rs 20,000 on all cars in the coming month. This rise is being considered due to various inflationary pressures and increase in raw material costs," Kuehl said. Skoda India is a subsidiary of Skoda Auto (Volkswagen Group), a leading car manufacturer in Europe. The company has a network of 62 dealerships across the country and has sold over 79,440 units since November 2001.


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