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Sensex lost 144 points on Tuesday due to increase in crude oil prices, high inflation and weak industrial data released by the Government.
The benchmark Sensex opened on the higher side at 22,698 against the previous close of 22,629. It touched a high of 22,737 and low of 22,416 before closing at 22,485. Turnover on BSE was almost flat at Rs 2,873 crore against Rs 2,849 crore recorded on Friday.
On the NSE, Nifty was down 43 per cent at 6,733.
Data released by the government showed that the wholesale price index accelerated in March. The index for industrial production witnessed a contraction in February as manufacturing activity shrunk. On Friday, the Government said India's merchandise exports declined for the second month in a row in March. Increase in crude oil prices triggered concerns on current account and fiscal deficits.
Foreign Institutional Investors, who turned net seller in equity, sold shares worth a net Rs 362.29 crore on Friday. The stock market was closed on Monday on account of Ambedkar Jayanti.
Metal and mining stocks edged lower as China's fresh credit fell 19 per cent in March from a year earlier. China is the world's largest consumer of copper and aluminium.
Most metal and mining stocks such as Tata Steel, Sesa Sterlite, JSW Steel, Steel Authority of India, NMDC, Hindustan Copper, National Aluminium Company, Hindustan Zinc, Jindal Steel and Power and Hindalco Industries were down.
The major gainers for the day were Future Retail (18 per cent), United Spirits (12%), Pipavav Defence (5%), Tata Comm (4%), TCS (4%), MCX (4%) and Wipro (4%).
Prominent losers were Suzlon Energy (-7%), DLF (-6%), Bank of India (-6%), SAIL (-5%), Yes Bank (-5%), JSW Energy (-5%), Essar Oil (-5%), Adani Enter (5%) and Hindalco Inds (-4%).
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