Sensex closes 74 points lower

May 04, 2011 |

IANS

mumbai

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A benchmark index for Indian equities markets pared some of its intra-day losses and closed 74 points lower on Wednesday.

The weakness following on Tuesday's rate hike by the Reserve Bank of India, however, continued to dampen the market breadth. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,558.33 points, closed at 18,460.62 points (provisional), down 74.07 points or 0.4 per cent from its previous close at 18,534.69 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange shut shop at 5,537.3 points, down 0.5 per cent. Broader markets also ended in the negative as well with the BSE midcap index closing 0.43 per cent down and the BSE small cap index ending 0.56 per cent down.

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