Market benchmark BSE Sensex disappointed over  238 points,as investors cut down their bets after industrial production in March charged to 0.1 % and retail inflation skipped to 5.39 % in April.

According to the statement, “A weak trend on other Asian bourses, tracking overnight losses in the US and European markets, also weighed on the trading sentiment”

The 30-share barometer, which had gained 193.20 points in the prior session, was trading lower by 238.12 points, or 0.92 %, at 25,552.10 with all sectoral indices led by metal, technology, banking, PSU and FMCG sector stocks leading the decline by falling up to 1.37 %.

The broader NSE Nifty cracked below the 7,900-mark by dropping 71.05 points to 0.90 %  to 7,829.35.

Progress in industrial production jumped to 0.1 % in March due to poor presentation of manufacturing and mining sectors coupled with sharp drop in output of capital goods, although retail inflation soared to 5.39 % in April on higher food prices, retreating a down trend seen in current months.

Among other Asian markets, Hong Kong's Hang Seng was down 0.79 % while Japan's Nikkei fell 0.18 % in early trade.

Shanghai Composite Index, meanwhile, was up 0.04%.