Mumbai | The three-day continuous rise in the domestic stock market came to an end on Thursday. The Sensex closed at 59,806 with a loss of 542 points. The Nifty declined by 165 points. It closed at 17,590. Selling pressure in Reliance Industries, ICICI Bank and TCS led the indices to decline. According to traders, most of the global markets remained under pressure due to concerns over a lower-than-expected decline in China’s inflation data. Besides, rising concerns over a sharp hike in interest rates by the US central bank Federal Reserve and weakening of the rupee against the dollar weighed on the sentiment. According to experts, the US government will issue a monthly report on hiring on Friday.