Indian stocks plunge on poor macros

GMT 03:58 2016 Saturday ,14 May

Arab Today, arab today Indian stocks plunge on poor macros

Indian stocks
Mumbai - XINHUA

Indian stocks plunged on Friday tracking poor macro data.

The retail inflation in April picked up unexpectedly to 5.39 percent after falling to 4.83 per cent in March; and the industrial production growth slipped to 0.1 percent in March.

The benchmark S&P BSE Sensex closed at 25,489.57, 300.65 points or 1.17 percent down from previous close of 25,790.22, with a turnover of 487.29 crore rupees (about 73.0 million U.S. dollars).

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