Sensex sheds 110 points on weak monsoon, rising food prices

July 16, 2012 05:18 pm | Updated November 16, 2021 11:03 pm IST - Mumbai

In volatile trade, Indian shares fell for the fourth day in a row with the Bombay Stock Exchange benchmark index, Sensex, losing 110.39 points to end at 17.103.31, as weak monsoon and surging food prices dashed hopes of a rate cut by Reserve Bank later this month. The index opened higher on positive Asian cues but slid 0.64 per cent to end the day at its lowest level as sentiment turned negative with IT, metal and realty stocks facing the maximum heat. Similarly, the National Stock Exchange Nifty, on Monday, fell 30 points to 5197.25. In the 30-share Sensex, 20 stocks including Tata Steel, TCS and Infosys closed with losses while ten scrips led by Bharti, Dr Reddy’s and Maruti ended higher.

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