Markets plummet, shed Tuesday’s gains (Second Lead)

December 17th, 2008 - 5:46 pm ICT by IANS  

SensexMumbai, Dec 17 (IANS) Indian equities markets took a pounding Wednesday with a key index ending trade (provisionally) 2.62 percent lower than its previous close.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) fell 261.69 points from Tuesday’s 9,976.98 points to close at 9,715.29 points.

The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE) also followed a similar trend to close at 2,952.85 points, 90 points or 2.92 percent lower than its previous close.

Broader market indices dipped more as compared to the Sensex with the midcap index falling 3.33 percent and the smallcap index shedding 2.6 percent from the previous close.

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