Higher than expected inflation figures triggered the fall & On-going tension between India and Pakistan also kept punters on the back foot to traders to turn sellers. Despite the indices opening on a firm note, they started witnessing a downward momentum during the afternoon session. The selling in index heavyweights continued steadily till the closing bell, thus ensuring a negative close for the markets. The Sensex closed lower by around 240 points, while the Nifty closed lower by 55 points. Stocks from the mid-cap and small-cap indices also ended in the negative territory. Stocks from the IT and consumer durable sectors led the pack of losers on the bourses today. Rupee closed at 48.52 against the US dollar. While Asian markets closed mixed, the European indices are currently trading in the red.
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