Sensex tumbles 145 pts on rise in food inflation

Mumbai, Dec 9 (PTI) Erasing its' early gains, the Bombay
Stock Exchange benchmark Sensex nosedived by 145 points at
the midsession on Thursday, on emergence of profit-booking on
reports of a rise in food inflation.
Food inflation for the week ended November 27, rose
to 8.69 per cent from 8.60 per cent in the previous week.
The Sensex, which had opened 74.61 points up, fell by
145.17 points to 19,551.31 at 1210 hours amidst the decline in
consumer durable and realty sector stocks.
Similarly, the broad-based National Stock Exchange index
Nifty fell by 43.70 points to 5,860.00 level at the same time.
However, oil sector stocks remained buoyant on
expectations of a hike in fuel prices, and cushioned the
bourses' fall to some extent.