Mumbai, Nov 13 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Wednesday fell by 229.02 points to settle at 40,116 as selling was seen across the board.

Shrinking Index of Industrial Production (IIP), also dampened the sentiments of the investors.

The Nifty declined by 73 points to 11,840.45.

India's industrial production shrank for the second consecutive month in September, its worst performance in the series that began April 2012.

As per the Index of Industrial Production (IIP), factory output contracted 4.3 pc in September 2019 as compared to September 2018.

The Sensex opened flat at 40,346.43. Later, it went in red and remained weak during the day as it dropped by 284 points to 40,061.23, day's low before closing at 40,116.06, sliding by 229.02 points from its last close.

The sectoral indices include, Materials, Finance, Health Care, Telecom, Bankex, Capital Goods, Power and Realty pushed the market down.

In scrips, Yes Bank, SBI, Axis Bank, VEDL and Sun Pharma lost while buying in TCS, Reliance Industries, Hind Unilever and Maruti Suzuki capped from further lost, broker informed.

The Nifty recorded days high and low at 11,946.80 and 11,823.20 points respectively.

In the broader market, the S&P BSE Mid-Cap index fell 0.77m pc while the S&P BSE Small-Cap index lost 1.13c. Both these indices underperformed the Sensex.

The market breadth was negative. On the BSE, 969 shares rose and 1602 shares fell. A total of 167 shares were unchanged.

Overseas, shares in Europe and Asia edged lower as conflicting signals over the extent of progress made in US-China trade talks and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

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