The inflation data which appears to be better than the previous month largely due to the base effects failed to make any impression on the market.
At the close, the Sensex was down 186 points at 18,345 while the Nifty shed 46 points to end at 5,499.
On the other hand, the broader markets were better off for the day. The smallcap and the midcap indices were down 0.7% as compared to the Sensex which lost 1%
Earlier in the day, tracking weak Asian peers the markets opened lower.
The Sensex attempted to move north in the first hour of trade but a bout of weakness ahead of the inflation data saw the rate sensitive realty and banking stocks dragging the markets lower.
However, because of the marginal decline in the inflation for the month of April as compared to March the markets recovered losses partially.
This recovery turned to be short lived as the BSE benchmark index slipped lower to touch the day's low of 18,333, down 173 points from the day's high in the
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