Hit by the US inflation data, Sensex continued to fall for the second straight and went down by 413 points to close below the 60,000. Nifty on the other hand lost 126 points to end the day below the 17,900 mark.
As auto stocks surged forward with gains for Maruti Suzuki and Eicher Motors, while pharma, IT and real estate were among the losers. The market remained apprehensive after Fitch downgraded India’s GDP growth to 7 per cent for FY23, and the country’s merchandise trade deficit increased to $27.98 billion from $11.71 billion in a year.
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