BSE Sensex slips 34 points, investors wary

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The prime 30-share index declined 33.70 points, Wednesday, to close at 17,339.31, with 17 components ending lower. The index touched a high of 17,413.81 and a low of 17,229.98 during intraday trade.

The index, which hit a record high of 21,206.77 on Jan. 10 and climbed 10.5 percent in April, is down nearly 14.7 percent this year.

The day's worst performer was BHEL, which closed 4.12 percent down at Rs.1783.75.

Telecom major Bharti Airtel continued its downward slide, falling 3.64 percent to Rs.815.80. Market analysts said the stock fell on news that Airtel was risking too much by making a $19 billion bid for a majority stake in South African telecom operator MTN Group.

Real estate major DLF ended weaker by 2.54 percent, closing at Rs.651.

Engineering and construction major Larsen & Toubro (L&T) closed down 2.44 percent at Rs.2986.50.

AV Birla Group companies Hindalco and Grasim Industries declined 1.15 percent and 0.86 percent to Rs.179.75 and Rs.2336.75 respectively.

India's largest private lender ICICI Bank fell 0.99 percent to Rs.918.85.

Pharmaceutical majors Ranbaxy Laboratories and Cipla plunged 1.82 percent and 0.65 percent to Rs.466.30 adnd Rs.214.85 respectively.

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