Sensex continues to decline on weak Asian cues; down 104 pts
June 16, 2014 10:53
The benchmark BSE Sensex plunged 104 points in morning trade today on persistent selling on the back of weak Asian cues amid an escalating violence in Iraq.
Shares of capital goods, power, realty, banking, consumer durables and auto sectors fell on heavy selling pressure.
On the macro front, the government will announce data on inflation based on the wholesale price index for May today.
Geopolitical concerns shifted from the crisis in Ukraine to the worsening situation in Iraq. US President Barack Obama has said he will consider over the next several days options to help Iraqi forces turn back militants sweeping across the country. The insurgency highlights the risks to the world's oil supply.
Shares of capital goods, power, realty, banking, consumer durables and auto sectors fell on heavy selling pressure.
On the macro front, the government will announce data on inflation based on the wholesale price index for May today.
Geopolitical concerns shifted from the crisis in Ukraine to the worsening situation in Iraq. US President Barack Obama has said he will consider over the next several days options to help Iraqi forces turn back militants sweeping across the country. The insurgency highlights the risks to the world's oil supply.
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