May 16, 2011

Rate-sensitives drag markets lower

The markets closed in the red for thr first trading day of the week in sync with the Asian and European markets which too were in the red for the day. The inflation data which appears to be better than the previous month largely due to the base effects failed to make any impression on the market. At the close, the Sensex was down 194 points at 18,336 while the Nifty shed 47 points to end at 5,797.

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