Bears tightened their hold on the market as a wave of worries caused benchmark indices the Nifty and Sensex to plummet to levels not seen in almost three months. The most recent inflation report, which revealed prices rising to a 14-month high of 6.21 percent, above the Reserve Bank of India's upper tolerance limit, and caused the decline, which marks the fifth straight losing session for both indices.
The market is under a constant shadow as investors wait for indications of relief due to increased inflationary pressures and cautious attitude.
The Nifty was down 57.50 points, or 0.24 percent, at 23,826.00 at 9:20 am, while the Sensex was down 101.46 points, or 0.13 percent, at 78,573.72. Approximately 112 shares were steady, 1569 shares fell, and 1090 shares increased.
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