Mumbai, Dec 12 || The Indian stock market closed lower on Thursday ahead of the CPI data as selling was seen in the media and FMCG sectors.
At closing, Sensex settled at 81,289.96 down by 236.18 points, or 0.29 per cent and Nifty ended at 24,548.70 down by 93.10 points, or 0.38 per cent.
According to experts, "the market continued to remain range bound ahead of domestic CPI data and weakening rupee. Though inflation is anticipated to drop, investors are maintaining a close vigil on the vegetable prices, which will determine the future rate trajectory."
"Nifty IT index reached a new high after US inflation data met expectations, boosting hopes for a Fed rate cut next week," they added.
Nifty Bank ended at 53,216.45, down by 174.90 points or 0.33 per cent. The Nifty Midcap 100 index closed at 59,021.70 at the end of trading after falling 271.25 points or 0.46 per cent.