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Stock Market Closing : 14-May-2012Nifty Updates On : 14-May-2012
BSE SENSEX and NIFTY traded in red for the fifth consecutive session and added the loss 77 and 21 points respectively. Depreciating rupee and weaker global cues are continuously hammering over the index. Inflation data rose 7.23 percent against the 6.89 percent quite higher than expected MoM due to manufacturing and food inflation for APRIL, weaken the hope rate cuts by Reserve Bank of India. Lower opening of European markets helped further to extend the loss. Banking stocks led the falls on today’s session as banking major BANKBARODA and PUNJAB NATION BANK down by 4% and 3% respectively while PHARMA and AUTO stocks supported the market.
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