Sensex ends 516.70 points down

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{image-sensex, big_20062008.jpg www.oneindia.com}Mumbai, June 20: The key benchmark Sensex of the Bombay Stock Exchange (BSE) today continued to drift downwards for the third consecutive day, ending lower by 516.70 points to close in the red at 14,571.29 on heavy offloading by bear operators as the inflation rate zoomed to 11.05 per cent.

The Nifty index of National Stock Exchange (NSE) also closed below 4500 mark, ending negative at 4347.55 points with a loss of 156.70 points from its last close of 4504.26. The Sensex and Nifty indices have crashed by 1125.61 and 305.45 points respectively in last three days. The key heavyweight index stocks tumbled today after the latest data showed India's inflation soared to a 13-year high. High inflation sparked fears of tighter monetary policy by the Reserve Bank of India. All the sectoral indices on BSE were negative. Oil &gas stocks declined sharply European markets were mixed. Key indices in UK and France were down by 0.08 pc to 0.16 pc. However, Germany's DAX index was down 0.13 pc. Asian stocks were mixed today. The key benchmark indices in Hong Kong, China and Singapore were up by between 0.31 pc to 3.01 pc. Key benchmark indices in Japan, Taiwan and South Korea were down by between 0.23 pc to 1.81 pc, which also contributed towards the downward trend on Indian bourses, brokers pointed out.

The 30-share BSE Sensex was down 516.70 points or 3.42 pc at 14,571.29. The index shed 568.72 points at the day's low of 14,519.27 hit at the fag end of the trading session.

The Sensex gained 114.02 points at the day's high of 15,202.01, hit at the onset of trading session.

The broader based S&P CNX Nifty of NSE was down 156.70 points or 3.48 pc at 4347.55. It resumed flat at 4504.20 points and later touched low of 4333.60.

The market breadth was poor on BSE with 464 shares advancing as compared to 2231 that declined. 45 remained unchanged.

UNI

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