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A benchmark index of Indian equities markets was trading in the red – down 193 points or 0.71 percent in the post-afternoon trade session Monday, as stocks like metal, capital goods plunged. Â Investor sentiment was down after Friday’s industrial activity data, measured in terms of the Index of Industrial Production (IIP) was below expectations. It only grew 0.5 percent in the month of July over the same month of the previous year. India’s retail inflation too slowed down marginally at 7.8 percent in August from 7.96 percent in the previous month. There was also anxiety regarding global cues such as US Fed rate hike and the upcoming China factory output. However, India’s annual rate of inflation, based on official wholesale price index, gave some relief to the market as it fell to a near-five-year low of 3.74 percent for August. The 30-share BSE Sensex fell 244.48 points to close at 26816.56 and the 50-share NSE Nifty lost 63.50 points to 8042 whereas the BSE Midcap and Smallcap indices were up 0.12 percent and 0.65 percent, respectively. the Sensex below 27000 level dented by weak industrial output in July despite significant fall in August inflation. The Indian rupee breached 61 level, hitting a four-month low intraday on the bank of weakness in equity markets and increased demand for dollars overseas. It was down 49 paise to 61.14 a dollar at close. For Latest Stock Cash Plus Tips, Indian Stock Market Tips, Stock Premium Tips, Stock Tips Provider, Share Trading Tips,Stock Cash Tips,Share Market Tips Visit Our Site-Stock Cash Tips or call 9993716323,8827706187 Free Trial