Extending losses for the fourth straight day, the Bombay Stock Exchange benchmark index, Sensex, closed 32 points lower as a sharp rebound in October industrial growth and rise in retail-level inflation in November dimmed hopes of an interest rate cut.
The 30-share index, which had lost nearly 100 points in the past three trading sessions, fell further by 31.88 points to end at 19355.26.
Similarly, the 50-issue National Stock Exchange index, Nifty, also moved down by 10.80 points to end at 5888.00.
The rupee fell back by six paise to end at 54.32 amid fresh dollar demand from importers. The rupee resumed slightly lower at 54.29 from the previous close of 54.26. It later moved in a narrow 19-paise range before concluding at 54.32.—PTI