Sensex closed below crucial 19,000 level on concerns that RBI may hike key rates.
Mumbai: BSE benchmark Sensex on Friday closed below crucial 19,000 points level for the first time in two months, spiked by concerns that RBI may hike key interest rates to tame inflation.
After a weak start, the Sensex tumbled 342.62 points down to 18840.20 points, a level last seen on November 26, 2010.
Similarly, the broad-based National Stock Exchange index Nifty fell by 104.70 points to 5647.20 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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