Sensex On The Back Foot, Falls Over 150 Points, Tracking Losses On Wall Street

Stock Market India: The Sensex index was on the back foot early on Thursday, reversing a sharp rally in the previous session.

Indian equity benchmarks were on the back foot early on Thursday, reversing a sharp rally in the previous session, tracking losses in broader Asian bourses following a fall on Wall Street ahead of key US inflation data later in the day.

The BSE Sensex index declined 179.48 points to 57,446.43 in early trade, and the broader NSE Nifty index fell 35.65 points to 17,087.95, reflecting a sea of red in Asian bourses.

In the previous session, both benchmarks rallied sharply and stalled a three-session losing streak.