Sensex sheds 205 points as oil boils; banking, realty shares drop
The market could not hold on to the last week’s gains as weak global markets and record high oil prices weighed on the market sentiment today. Concerns about a further monetary tightening by the Reserve Bank of India (RBI) heightened after RBI governor Y V Reddy today said inflation rate was totally unacceptable and the official data underestimates the actual rise.
Crude-oil futures marked their first close above $127 a barrel
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