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Thursday, June 14, 2012

Market snaps two-day winning streak

Key benchmark indices snapped two-day winning streak as the latest data showed inflation accelerating in May 2012 and after the government revised upwards inflation for March 2012 to 7.69% from a provisional reading of 6.89%. Weakness in global stocks caused by euro-zone debt worries also weighed on sentiment. The market breadth was weak. The barometer index, BSE Sensex, was down 202.63 points or 1.2%, up about 20 points from the day's low and off about 240 points from the day's high. From a recent low of 16,668.01 on 11 June 2012, the Sensex had risen 212.50 points or 1.27% in two trading sessions to 16,880.51 on Wednesday, 13 June 2012. The Sensex has risen 459.35 points or 2.83% so far in this month (till 14 June 2012). The barometer index has gained 1,222.96 points or 7.91% in calendar 2012 so far (till 14 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,542.02 points or 10.18%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 2,453.82 points or 12.82%.