Sensex closes 74 points lower (Second Lead)

May 4th, 2011 - 5:29 pm ICT by IANS  

Sensex Mumbai, May 4 (IANS) A benchmark index for Indian equities markets pared some of its intra-day losses and closed 74 points lower Wednesday.

The weakness following 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 percent 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 percent.

Broader markets also ended in the negative as well with the BSE midcap index closing 0.43 percent down and the BSE small cap index ending 0.56 percent down.

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