Stock market today, May 11 -- The domestic benchmark indices and the rupee came under pressure on Monday, 11 May, a day after Narendra Modi urged measures such as fuel conservation, curbing imports, and limiting gold purchases amid rising energy costs and pressure on foreign exchange reserves.

India, the world's third-largest oil importer and consumer, had indicated late last month that there was no proposal to raise retail fuel prices for diesel and petrol, even as global prices surged.

The Nifty 50 declined 1.04% to 23,923 . 95 as of 11:34 IST, while the BSE Sensex fell 1.17% to 76,426.28. The rupee weakened 0.7% to slip below the 95-per-dollar mark, with the central bank likely intervening to limit further losses.

Indian markets und...