Sensex Drops 300 Points; Nifty at 7,814

Mumbai: After a lot of struggle, the market ended with major loses. The Nifty ended below 7850, down 85.50 points or 1 per cent while the Sensex slipped 300.65 points or 1 per cent at 25489.57.

Asian Paints, Tata Motors and NTPC were top gainers while Adani Ports, HUL, Tata Steel, HDFC and BHEL were losers in the Sensex.

Growth in industrial production plunged to 0.1% in March due to poor performance of manufacturing and mining sectors coupled with sharp decline in output of capital goods, while retail inflation soared to 5.39% in April on higher food prices, reversing a downward trend seen in recent months.