Sensex falls 175 points; Nifty dips below 10,200-mark

New Delhi: The BSE benchmark Sensex fell 175 points on Wednesday after disappointing economic data forced investors to tighten their exposure.

Surging oil prices and a sluggish trend in Asian markets brought pain, too.

The 30-share gauge declined 174.95 points at 33,053.04. The gauge had lost 227.80 points in the previous session.

The NSE Nifty too slipped 47.20 points to 10,192.95.

Market mood took a hit after government data, released after trading hours yesterday, showed that industrial production growth hit a 3-month low of 2.2 percent in October and retail inflation jumped to a 15-month high of 4.88 percent in November.

Investors brushed off another record close on Wall Street and looked forward to the Federal Reserve's latest policy meeting outcome today.

In Asia, Tokyo stocks closed lower today ahead of a rate announcement by the US Federal Reserve.

The benchmark Nikkei 225 index lost 0.47 percent, or 108.10 points, to close at 22,758.07, while the broader Topix index was down 0.23 percent, or 4.24 points, at 1,810.84.

The US Dow Jones Industrial Average ended 0.49 per cent higher yesterday.