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Stock markets fell for the sixth consecutive day, Sensex lost 137 points

Mumbai, May 13 (Agency)

Domestic equity markets continued their fall on Friday as concerns over inflation continued to mount and selloff by foreign investors continued. Standard indices closed with losses for the sixth consecutive day under selling pressure at the last minute. The 30-share benchmark Sensex of BSE fell 136.69 points, or 0.26 per cent, to 52,793.62 at the end of trading. During the trading, it had jumped 855.4 points to reach 53,785.71 points, but it fell down due to profit-booking in the last hour. Similarly, NSE’s standard index Nifty also fell 25.85 points, or 0.16 percent, to 15,782.15. SBI, ICICI Bank, NTPC, Bharti Airtel, Bajaj Finserv, Axis Bank and Maruti Suzuki were the biggest losers among the Sensex losers. On the contrary, Sun Pharma, Mahindra & Mahindra, ITC, HUL, Titan and Reliance were among the gainers. Meanwhile, international oil benchmark Brent crude rose 1.09 per cent to $108.6 per barrel. The process of withdrawal of foreign institutional investors from the Indian markets continues. According to stock market data, foreign investors had sold shares worth Rs 5,255.75 crore on Thursday.

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