The Indian stock markets declined on Friday (June 13), stretching its weekly loss to the fourth straight week, after inflation climbed to 8.75% for the week ended May 31, raising speculation that the central bank might take more action.
After opening with a positive gap of 77 points, the BSE Sensex was not able to hang on to the gains, and traded in a lackluster manner during the day.
JP Associates, DLF and HDFC Bank led the declines. Metal and real estate stocks declined, while the fertilizer pack gained.
Stocks opened higher Monday in Tokyo as the U
weekly loss to the fourth straight week, after inflation climbed to 8.75% for the week ended May 31, raising speculation that the central bank might take more action.
