Sensex Falls 2 Elevated Inflation

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Market Update :

Sensex Falls 2%, Elevated Inflation

Author: 123jump.com Staff
123jump.com
Last Update: 3:14 PM EDT May 09 2008

Wholesale price index in India fell in the latest period measured two weeks ago. Rising energy and food prices continue to fuel inflation above the target set by the Reserve Bank of India. Sensex index fell 2% to 16,737. Trading on two largest stocks exchanged was 20,000 crore rupees or $5 billion. ICICI Bank, HDFC Bank and State Bank of India fell in trading. Reliance Industries fell 5.2%.

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