The BSE Sensex
and NSE Nifty
fell above 1% each at the end of trading session due to further fall in rate
sensitives, after rising inflation trimmed rate-cut hopes.
Inflation rose to 7.55% for May as against 7.23% in
previous month and economists say, even core inflation increased to 4.86%
versus 4.77% month-on-month.
The 30-share BSE benchmark tumbled 202.63 points to
16,677.88 and the 50-share NSE benchmark lost 66.70 points to 5,054.75.
Also Nifty & Bank Nifty closed below it’s 200 day
moving average 5069.7 & 9864.1 respectively.
On the other hand the Indian rupee too was moving
towards the 56 level that depreciated by 19 paise to 55.87 as against the US
dollar.
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