Strong wave of selling towards end of session saw Indian market end at day’s lows. Interest sensitive sectors like realty and banks were continued to drag while IT stocks bucked the trend.
Market was abuzz that inflation numbers expected after market hours would be above 12.4 per cent against media expectations of 12.16 per cent. Traders also squared off positions ahead of an extended weekend.
The BSE Sensex closed 380 points lower, while the NSE Nifty closed lower by 98 points. The BSE Midcap and Smallcap indices also closed in the red, each down 2%. The rupee was trading at 42.94 to the dollar.
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