Profit booking Sensex fell 81 points to 60353
Inflation will hit the global economy, including India (Gujarat News Correspondent) MUMBAI: Index-based weakness in Indian stock markets for the second day in a row today, along with global markets, amid the possibility that rising inflation at home and abroad could pose a major threat to the global economy in the coming days. International crude oil prices continued to rise amid rising inflation, pushing Brent crude closer to ૮૪ 4.21 a barrel and Nymex crude to ૫૫ 4.5 a barrel this evening. Despite efforts in India to provide some relief to the people by reducing excise duty on petrol and diesel, rising prices in the world market are likely to push up petrol and diesel prices again and also disrupt supply chain in China. The risk of growth was seen to have a negative effect. In the automobile, oil-gas stocks, metal-mining, consumer durables, banking-finance stocks profit-booking against the rise of the Sensex fell 20.9 points to 206.5 and Nifty spot fell 2.06 points to 19,015. The ...