The Sensex fell 175 points to end at a one-week low of 33,053 and the NSE Nifty below 10,200 disappointed by grim economic data and the ADB lowering India’s economic growth forecast.
Investors waited for the Federal Reserve’s two-day policy meeting outcome later today.
It was a volatile day for the market barometer, which settled lower by 174.95 points, or 0.53 %, at 33,053.04 -- a level last seen on December 7.
The barometer had lost 227.80 points in the previous session.
The 50-share NSE Nifty slipped below the 10,200-mark by falling 47.20 points, or 0.46 %, at 10,192.95 after hovering between 10,169.85 and 10,296.55.
The Asian Development Bank (ADB) lowered India’s economic growth forecast for the current fiscal to 6.7 % from 7 %, citing lingering effect of domonetisation, transitory challenges to GST and weather- related risks to agriculture.
Government data, released after trading hours on Tuesday showed that industrial production growth hit a three-month low of 2.2 % in October while retail inflation jumped to a 15-month high of 4.88 % in November.
Domestic institutional investors (DIIs) sold shares to the tune of Rs 853.67 crore while foreign portfolio investors (FPIs) bought equities worth net Rs 843.20 crore yesterday, as per provisional data.
