Indices dip for fifth session as Credit Suisse woes weigh on investor minds

The only relief for investors on Wednesday was a rise in retail sales in China while factory output was fractionally lower than projected

The benchmark indices declined for the fifth consecutive day after staying in the green for most part of Wednesday. The Sensex ended the session at 57,556 points, a decline of 344 points or 0.6 per cent. The Nifty50, on the other hand, ended the session at 16,972 points, lower by 71 points or 0.4 per cent. From the high it made in December, the Nifty50 has declined 9.8 per cent.

Nifty is closing below the 17,000 level for the first time since October 11. In the last five sessions Nifty has declined 4.4 per cent and Sensex by 4.6