New Delhi, May 22 -- Indian stock indices slumped on Thursday, taking negative cues from the US peers which have declined over weak fiscal sentiment.

Sensex closed at 80,951.99 points, down 644.64 points or 0.79 per cent, while Nifty closed at 24,609.70 points, down 203.75 points or 0.82 per cent.

Barring Nifty media, all the sectoral indices were in the red. Nifty auto, Nifty FMCG, Nifty IT, Nifty Pharma, Nifty consumer durables, Nifty oil and gas slumped the most.

Nifty India Defence jumped 2.1 per cent. Gold, a key indicator of the financial sector, was trading at USD 3,295 per ounce, down USD 16 or 0.48 per cent.

"Despite a notable improvement in India's PMI in May and uptick in fiscal scenario, ongoing uncertainty around U.S.-Ind...