The Sensex and the Nifty ended down by 1 per cent on Friday due to fresh selling by funds and retail investors amid weak global cues.

The 30-share BSE index Sensex was down 210 points or 1 per cent at 20,715 and the 50-share NSE index Nifty was down 68.65 points or 1.10 per cent at 6,168.40.

All BSE sectoral indices except IT (which was unchanged) finished in the red. Among them, banking, capital goods, realty and power indices fell the most by 2.25 per cent,1.86 per cent, 2.10 per cent and 2.22 per cent, respectively.

Tata Motors, Wipro, Tata Steel, Coal India, M&M, and Infosys were the top five Sensex gainers, while the top five losers were ICICI Bank, BHEL, Hero MotoCorp, Tata Power and GAIL.

Domestic sentiment was dampened as data released on Thursday showed that retail inflation surged to 11.24 per cent in November against 10.17 per cent in October). Also, factory output contracted to 1.8 per cent in October.

Declining factory output and rising retail inflation could push the Reserve Bank of India to institute another 25 basis points hike in its next monetary policy review on December 18.

Both European and Asian shares were down as improving US economic data fuelled speculation the Federal Reserve will reduce stimulus as early as next week.

(This article was published on December 13, 2013)
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