03:30 pm Market closing: The market fell sharply on Chinese problems. The Sensex ended 483.97 points or 1.7 percent lower at 27687.72 and the Nifty slipped 147.75 points or 1.7 percent at 8363.05. About 944 shares advanced, 1803 shares declined, and 152 shares were unchanged. Metals and banks were badly hurt with major laggards as Vedanta, Tata Motors, Hindalco, Tata Steel and HDFC. Wipro and HUL were in green. 02:58 pm Market Update: The Sensex fell 392.47 points or 1.39 percent to 27779.22, and the Nifty shed 119.75 points or 1.41 percent to 8391.05. About 951 shares have advanced, 1705 shares declined, and 150 shares are unchanged on the BSE. 02:50 pm Yes Bank's clarification on UBS report: Numbers mentioned in the UBS report are exaggerated as it talks about loan proposals and not necessarily exposures or loan outstanding, Yes Bank's CFO and Senior Group President of Financial Markets, Rajat Monga told CNBC-TV18 adding that the report was never verified with the bank. - See more at: http://www.domain-b.com/investments/markets/general/20150708_markets.html#sthash.x9PLhkIO.dpuf

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