Indian shares closed 0.53 percent lower on Monday amid concerns about slowing economic growth and high inflation, dealers said. The benchmark 30-share Sensex index fell 78.52 points to 14,645.66, falling for the fourth consecutive trading day.
"Sentiment was hit after inflation came in significantly ahead of expectations, led by a rise in food article prices," said Siddhartha Sanyal, an economist at Edelweiss Securities.
Last Thursday, annual inflation jumped to a 16-year-high of 12.44 percent for the week ended August 2. The central bank's end-of-year target is seven percent. The markets lost steam last week after India's industrial output grew by 5.4 percent in June, down sharply from a year earlier.
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