Sensex Dips 55 Pts On Rate Hike Fears, Weak Global Cues

Compared with the BSE SENSEX fell 55 points on Monday as investors feared a hike in interest rates when inflation is RBI reviews the situation in the middle of next week trend.Bombay weak global stock exchange 30 share index, which fell 56 points the previous session on Monday lost 54.88 points in 18,507.04, a concern that high inflation in June may force the Reserve Bank of India to hike borrowing costs.

Broad National Stock Exchange index Nifty fell by 14.05 points 5,567.05.

Brokers said the weakness in Asia and the lower opening in the middle of Europe, raising concern about the fate of the political negotiations in August, the U.S. debt to avoid default, made $ 14000000000000 financial investors wary.

Furthermore, the failure of banks in eight European settlement in the Banking Committee, the Office of stress tests on the market spiked.

Bearish sentiment abroad infected with the software company's stock at home if they get more than 50% of its revenues from U.S. and European export markets.

Infosys, the second heaviest SENSEX scrip fell 0.60% to Rs 2,714.05, while the country's largest IT services exporter, lost 1.97% at Rs 1,125.40 a piece.

Market sentiment was also nervous ahead of quarterly earnings expectations for some of the leading companies, they may miss market expectations. Three of the four first-quarter net earnings on the SENSEX companies meet analysts' estimates that rising interest costs crimped profits.

Auto, IT, Healthcare and Teck shares traded lower as the benefits realty, consumer durable, metal and energy sectors registered a decline in any market.