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Sensex drops 300 points; Nifty cracks below 7,900-mark

The BSE benchmark Sensex dropped 300.65 points to end at 25,489.57 while the NSE Nifty cracked below 7,900-mark by falling 85.50 points to 7,814.90 in closing trade.


Sensex drops 300 points; Nifty cracks below 7,900-mark

Zee Media Bureau

New Delhi: The BSE benchmark Sensex dropped 300.65 points to end at 25,489.57 while the NSE Nifty cracked below 7,900-mark by falling 85.50 points to 7,814.90 in closing trade on Friday.

Markets fell after investors cut down their bets after industrial production in March plunged to 0.1 percent and retail inflation jumped to 5.39 percent in April.

Growth in industrial production plunged to 0.1 percent in March due to poor performance of manufacturing and mining sectors coupled with sharp decline in output of capital goods, while retail inflation soared to 5.39 percent in April on higher food prices, reversing a downward trend seen in recent months.

The 30-share barometer, which had gained 193.20 points in the previous session opened lower by 238.12 points at 25,552.10 with all sectoral indices showing red.

With PTI Inputs

From Zee News

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