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BW Businessworld

Sensex Snaps Four-day Rising Streak

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The BSE Sensex snapped a four-session gaining streak on Monday, 11 March, 2013, as technology stocks fell on profit-booking, while shares sensitive to interest rates fell after the RBI governor rejected that high inflation is the "new normal."

Reserve Bank of India Gov. Duvvuri Subbarao rejected the notion that high inflation is the "new normal" in comments on Friday, 9 March, raising concerns the central bank could remain hawkish about interest rates.

Tata Consultancy Services Ltd provisionally fell 1.4 per cent, while ICICI Bank ended down 1.1 per cent.

The Sensex provisionally fell 0.38 per cent, while the Nifty ended down 0.06 per cent.

(Reuters)