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Sensex continues its downward slide

Sensex continues its downward slide The 30-share benchmark, Sensex, closed at 14,106.58 having lost 186.74 points, after touching a low of 13,991.31 and a high of 14,432.90 points during the day.

The wide-based National Stock Exchange index Nifty fell by 75.30 points at 4,191.10, after touching a low of 4,156.10 and a high of 4,305.90 points.

Market analysts said selling pressure continued as investors feared the next inflation figure might be much higher than the previous at 11.05 per cent announced last Friday.

They said the market is abuzz with rumours of a hike in loan rate by banks and may pointed out that interest rate sensitive industries such as realty, heavy machinery and partly banking sector could be in for aggressive selling in the days to come.

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