Sensex closes 88 points lower in see-saw trade (Lead)

February 23rd, 2012 - 5:07 pm ICT by IANS  

Sensex Mumbai, Feb 23 (IANS) A benchmark index for Indian markets Thursday provisionally closed 88 points lower amid volatility that saw the index fluctuating wildly. This is the second consecutive weak closing after weeks of rallying.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,127.35 points, closed at 18,056.45 points (provisional), 88.8 points or 0.49 percent down from its previous close at 18,145.25 points.

The Sensex had closed 283 points lower Wednesday as traders started booking profits after weeks of rallying.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended lower at 5,477.95 points, down 27.4 points or 0.5 percent from its previous close.

Broader markets also closed in the red, with the BSE 500 index slipping 0.39 percent lower. The BSE midcap index was down 0.33 percent while the BSE smallcap index shed 0.71 percent.

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