Monday, September 16, 2013
| Sep 16, 2013,
MUMBAI: Wiping off initial gains, the BSE benchmark Sensex dropped 7 points during mid-session trading on Monday, mainly on profit-booking, as accelerating inflation dimmed chances of any interest rate cut by the RBI.
At 1330 hrs, the sensex had fallen by 136.61 points to 19,596.15, after inflation rose to a six-month high, stoking concern of RBI likely to maintain the cash-tightening measures at its policy meeting this week.
The broad-based National Stock Exchange index Nifty fell by 52.45 points to 5,798.15, after rising to 5,957.25 at the outset.
News From: http://www.7StarNews.com
Posted by cypeecom at 3:08 AM