Bulls are losing grip on Thursday and slipped below 11900 levels after retail inflation in May 2019 was five months high at 3.05% showed by CSO on Wednesday. Currently, Nifty is trading below 33 points at 11873.20 while Sensex is trading below 150 points at 39,632.72. Overall market breadth is negative, all the sectors are under selling pressure. Oil prices slumped to more than 4% after US crude inventory data showed further buildup in US stockpile against drop in stockpiles market expectations. The Indian rupee opened flat at 69.34 per dollar against previous close of 69.34.