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Indian stock markets decline further from yesterday's fall as weak rupee dampens investor sentiments. The 30 component BSE's SENSEX is currently down by 90.41 points at 19052.59 and National Stock Exchange NIFTY 50 is down by 23.60 points at 5765.65. At SENSEX out of 30 components there are currently 10 advances and 20 declines. Nifty was little better with 21 advances and 29 declines currently.
Other bad news coming (from economy perspective) is that the consumer price inflation is continuing to remain at unsustainable levels of 10.65 percent for month ending may 31st, up from 10.61 percent from april month. Industrial output data shows a growth of just 2% for month of april 2013 (much below the expectations thus making investors fear about economic stability.
Indian stock markets decline further from yesterday's fall as weak rupee dampens investor sentiments. The 30 component BSE's SENSEX is currently down by 90.41 points at 19052.59 and National Stock Exchange NIFTY 50 is down by 23.60 points at 5765.65. At SENSEX out of 30 components there are currently 10 advances and 20 declines. Nifty was little better with 21 advances and 29 declines currently.
Other bad news coming (from economy perspective) is that the consumer price inflation is continuing to remain at unsustainable levels of 10.65 percent for month ending may 31st, up from 10.61 percent from april month. Industrial output data shows a growth of just 2% for month of april 2013 (much below the expectations thus making investors fear about economic stability.
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