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Sensex sheds 139 points


MUMBAI: Markers remained weak for the third straight session on Monday with the Bombay Stock Exchange benchmark Sensex closing lower by nearly 140 points as concerns over unabated rise in inflation and abysmal growth in industrial production in May lingered on amid negative cues from Asian bourses.

The 30-share BSE barometer concluded the day at 13330.51, a fall of 139.34 points, or 1.03 per cent, over the previous close. The index moved erratically between 13559.36 and 13269.62, reflecting volatility. In the previous day’s trading, over 450 points were shaved off from the bellwether index after investors resorted to selling on inflation inching closer to 12 per cent at 11.89 per cent and the index of industrial production falling to 3.8 per cent in May. The 50-issue Nifty of the National Stock Exchange declined by 9.30 points to 4039.70. Most of the Asian indices closed in the red, while the European markets resumed on a positive note on Monday. — PTI

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