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Saturday, October 30, 2010

BSE Mid-Cap, Small-Cap indices edge lower

Good Q2 results from private sector banking major ICICI Bank, cigarette major ITC and power equipment major Bharat Heavy Electricals (Bhel) helped market stage a rebound from lower level in what was a highly volatile trading session. The market snapped a three-day losing streak. But, the broad market was weak as a number of small-cap and mid-cap stocks fell. World stocks fell as caution prevailed ahead of US third-quarter economic growth data due later in the global day.