Sensex closes 284 points lower (Second Lead)
February 22nd, 2012 - 5:10 pm ICT by IANS
Mumbai, Feb 22 (IANS) A benchmark index for Indian equities markets provisionally closed 284 points lower Wednesday as investors booked profits after recent rallies. Realty, consumer durables and metal stocks were among the biggest losers.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,490.87 points, closed at 18,143.89 points (provisional), down 284.72 points or 1.54 percent from its previous close at 18,428.61 points.
SBI was the main drag on the Sensex, closing a whopping 8.11 percent lower at Rs.2,253, after reports that the lender had agreed to give Rs.1,200 crore in new loans to crisis-hit Kingfisher Airlines.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange ended lower at 5,502.75 points, down 104.4 points or 1.86 percent from its previous close.
Broader markets were also in the red, with the BSE 500 index closing 2.41 percent lower. The BSE midcap index was down 3.54 percent while the BSE smallcap index shed 3.3 percent.
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Tags: benchmark index, biggest losers, bombay stock exchange, bse, consumer durables, crore, drag on, investors, kingfisher, kingfisher airlines, loans, main drag, metal stocks, national stock exchange, profits, rallies, rs 2, sensex, sensitive index, smallcap index