The Hindu Business Line : Sensex loses 113 points; bonds, rupee impacted by inflation

The benchmark Sensex, which remained fairly strong during the week, lost 113.19 points on Friday after hitting the all-time high of 14,724 to close at 14,538.9.

The equity market saw a sharp bout of selling in the afternoon session as the two-year-high inflation numbers weakened market sentiment, said a broker.

Bond prices fell sharply intra-day as domestic inflation touched 6.58 per cent for the week ended January 27. However, prices were flat at close, as the Rs 9,000-crore government securities auction sailed through as per expectations.

The rupee opened strong at 44.05 and touched a one-year high of 44.03 during the day, but ended flat against the dollar at 44.12/13.

The 8.07-10 year-2017 benchmark government paper opened at Rs 101.61 (7.83 per cent YTM) and touched a low of Rs 101.48 (7.85 per cent YTM). It closed at Rs 101.80 (7.80 per cent YTM) against Thursday's Rs 101.81 (7.80 per cent YTM). The auctioned 8.33-29 year-2036 paper however fell by 35 paise.

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Sensex loses 113 points; bonds, rupee impacted by inflation