Sensex fell 166 points to 58,117
MUMBAI: After retail, the wholesale price index (WPI), which was released today, rose to 18.50 per cent, hitting a 17-year high. The meeting of the US Federal Reserve's Open Market Committee begins today. The benchmark indices of the Indian stock market closed lower for the third day in a row today as investors adopted a wait-and-see policy. Finance Minister Nirmala Sitharaman plans to start pre-budget discussions from tomorrow to formulate the budget for the next financial year. The BSE Sensex finally closed at 3111.05, down 18.5 points from yesterday's low of 208.5 and above 4.5. Compared to yesterday, it was down 4.5 points and closed at 12.30. Electricity and pharma stocks were the main gainers, while auto and banking stocks were the weakest. There was mixed flow in FMCG. Market breadth remained positive on BSE. 1,901 stocks rose while 1,610 declined. 118 shares remained unchanged. Nifty Pharma Index rises 12 points: Lupine, Aurobindo, Torrent Pharma Lupine's share