Indian markets fell over 0.4 per cent at the end of the session on Wednesday on poor IIP data. Factory output grew 2 per cent in April, largely aided by a base effect, confirming slowing of momentum in the industrial sector.

Also, with consumer price index inflation coming in at higher-than-expected 9.31 per cent for May, there is near consensus among economists that RBI will not go in for any aggressive policy rate cut on Monday.

The 30-share BSE index Sensex was down 101.87 points (0.53 per cent) at 19,041.13 and the 50-share NSE index Nifty was down 28.6 points (0.49 per cent) at 5,760.20.

Barring oil & gas, healthcare and banking, all other BSE sectoral indices ended in the red.

Among them, consumer durables stocks were the worst-hit and were down 7.37 per cent, followed by metal 1.75 per cent, IT 1.45 per cent and TECk 1.17 per cent.

On the other hand, healthcare index was up 0.46 per cent, followed by oil & gas 0.45 per cent and banking 0.01 per cent.

Among 30-share Sensex, Jindal Steel, Cipla, M&M, RIL and SBI were the top five gainers, while the top five losers were Tata Power, Coal India, Tata Steel, Hero MotoCorp and Hindalco.

European stocks rose, snapping a two-day decline, as merger and acquisition activity outweighed concerns that central banks will refrain from adding stimulus measures.

Stoxx 50 rose 13.10 points or 0.49 per cent to 2,696.30, FTSE 100 up 6.92 points or 0.11 per cent at 6,347.00 and DAX rose 6.25 points or 0.08 per cent to 8,228.71.

Asian stocks fell, extending an overnight sell-off in global equities, as Japanese machinery orders declined more than expected and concerns grew that central banks from Tokyo to Washington will refrain from adding stimulus.

Japan’s Nikkei 225 was down 28.30 points or 0.21 per cent at 13,289.32 and Singapore’s Straits Times was down 17.44 points or 0.55 per cent at 3,152.94.

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