Sensex Losses 1,158 Places Ahead Of Retail Data Income, Nifty Settles Below 15,850 -by Ecork

Sensex and Nifty extend their fall for the fifth time today.

New Delhi:

Indian equity indexes fell more than 2 per cent on Thursday, driven by banking, currency and metal stocks. Indoor indexes extend their fall for the fifth time directly today.

Investors are worried ahead of the April retail data, which is likely to stay at the 18-month high. The US consumer price index rose 8.3 percent from a year ago, slowing to a March high of 8.5 percent, but still near the highest level in 40 years.

Back home, the Consumer Price Index (CPI) figure is scheduled to release at 5:30 p.m.

Further, the Indian rupee is falling to a new low against the dollar which has changed the market participants jittery.

BSE Sensex-pin 30 fell 1,158 points or 0.51 per cent to near 54,088, while NSE Nifty extended 359 points or 2.22 per cent to settle at 15,808.

The mid- and low-cap shares ended on a weak note as the Nifty Midcap 100 dived 2.33 per cent and the low-cap moved 1.87 per cent.

All 15 acres – compiled by the National Treasury Department – resolved in red. Nifty PSU Bank, Nifty Trading Services and Nifty Metal shares offset the index by falling as much as 5.39 per cent, 3.05 per cent and 3.70 per cent, respectively.

On the market-specific front, Private Ports is the biggest loser as the stock has taken 5.82 per cent to Rs 715.70. IndusInd Bank, Tata Motors, Tata Steel and JSW Steel are also among the losers.

The overall market remained negative as 763 shares advanced while 2,599 declined on the BSE.

On the 30-pin index BSE, IndusInd Bank, Tata Steel, Bajaj Finance, Bajaj Finserv, Axis Bank, HDFC twins (HDFC and HDFC Bank), Titan, L&T, SBI, Kotak Mahindra Bank and Reliance Industries were among the top performers .

In contrast, Wipro and HCL Tech ended in green.

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