Mumbai, Jan 14 (PTI) BSE benchmark Sensex today dipped below crucial 19,000 points level for the first time in two months in pre-close selling today, spiked by concerns that RBI may hike key interest rates to tame inflation.
After a weak start, the Sensex tumbled 289.81 points down to 18,893.01 points at 1445 hrs, a level last seen on November 26, 2010.
Similarly, the broad-based National Stock Exchange index Nifty fell by 91.15 points to 5,660.75 level, with a notable fall in interest-sensitive stocks of realty, auto and banking sectors.
The inflation shot up to 8.43 per cent in December, from 7.48 per cent in the previous month, as prices of certain food and non-food items continued to show an upward trend.
After a weak start, the Sensex tumbled 289.81 points down to 18,893.01 points at 1445 hrs, a level last seen on November 26, 2010.
Similarly, the broad-based National Stock Exchange index Nifty fell by 91.15 points to 5,660.75 level, with a notable fall in interest-sensitive stocks of realty, auto and banking sectors.
The inflation shot up to 8.43 per cent in December, from 7.48 per cent in the previous month, as prices of certain food and non-food items continued to show an upward trend.
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