Mumbai, Jan 15 (PTI) Expectation of hike in interest rates, persistent heavy selling pressure from Foreign funds amid disappointing Quarter three results from IT bellwether Infosys Technologies pulled down the BSE benchmark Sensex by another 831 points or 4.22 per cent.
All indices ended in red due to heavy selling pressure from investors. Capital Goods, Realty, Banking, Oil&Gas, PSU, Power sectors were the major contributors to the sensex fall.
"The inflation rate for December has turned out to be much higher than what was originally expected... Given the present situation, perhaps some tightening on the part of the Reserve Bank may be required," Prime Minister's Economic Advisory Council Chairman C Rangarajan told PTI.
The overall inflation for December, measured on the basis of wholesale prices, increased to 8.43 per cent in December, from 7.48 per cent in November.
Foreign Institutional Investors (FIIs) continued their selling spree during the week.
All indices ended in red due to heavy selling pressure from investors. Capital Goods, Realty, Banking, Oil&Gas, PSU, Power sectors were the major contributors to the sensex fall.
"The inflation rate for December has turned out to be much higher than what was originally expected... Given the present situation, perhaps some tightening on the part of the Reserve Bank may be required," Prime Minister's Economic Advisory Council Chairman C Rangarajan told PTI.
The overall inflation for December, measured on the basis of wholesale prices, increased to 8.43 per cent in December, from 7.48 per cent in November.
Foreign Institutional Investors (FIIs) continued their selling spree during the week.
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