
Sensex closed at 59,919.69, down 433.13 points or 0.72%, while the Nifty declined 143.60 points or 0.80% to end the day at 17,873.60.

At 10:30am, Sensex tanked 563.92 points or 0.93% to 59,788.90, while Nifty stood at 17,848.70, down 168.50 points or 0.94%.

Wall Street closed sharply lower on Wednesday as surging consumer prices curbed investor risk appetite.

Nifty PSU Bank was the top laggard with losses of 2.35%, while the Nifty Metal index tanked 1.76% and Nifty Realty index slipped 1.36%.

The 'buy on dips' strategy of retail investors and DIIs is countered with the 'sell on rally' strategy of FIIs.

China's consumer inflation for October rose 1.5% from last year. The producer price index for October surged 13.5% from last year.

Sensex settled at 60,433.45, down 112.16 points or 0.19%, while the broader NSE Nifty declined 24.30 points or 0.13% to end at 18,044.25

The broader market outperformed. The S&P BSE Mid-Cap index gained 0.81% while the S&P BSE Small-Cap index added 0.67%.

The market breadth was positive as shares 1,674 advanced while 721 declined and 96 remained unchanged.

Wall Street stocks ended slightly higher on Monday, rising early after the passage of a US infrastructure spending bill.