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Sensex, Nifty End Lower Ahead Of Macro Data

Indian shares fell on Thursday as investors awaited the release of industrial output and retail inflation data later in the day for directional cues.

The benchmark S&P BSE Sensex dropped 166.54 points, or 0.45 percent, to 37,104.28 while the broader NSE Nifty index ended the session down 54.65 points, or 0.50 percent, at 10,981.05.

Automakers came under selling pressure once again after Finance Minister Nirmala Sitharaman attributed poor vehicle sales to millennial preferences. Tata Motors tumbled 3.8 percent and Maruti Suzuki declined 3 percent.

Yes Bank slumped 4.7 percent after rising sharply in the past two trading sessions.
Bharti Airtel, Eicher Motor, Zee Entertainment Enterprises, JSW Steel and Axis Bank fell 2-3 percent.

On the positive side, Sun Pharma, Hindalco, ICICI Bank, UltraTech Cement and Indiabulls Housing Finance rose 1-4 percent.

Globally, other Asian markets turned in a mixed performance ahead of an impending ECB policy decision later in the day with new easing measures expected.

Investors also looked ahead to the U.S. Federal Reserve's two-day Federal Open Market Committee policy meeting next week, in which the central bank is expected to continue cutting interest rates.

European stocks held steady in early trade amid easing trade tensions and expectations that the European Central Bank (ECB) will kick off another wave of monetary easing.

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