Sensex consolidates, ends 28 points down (Second Lead)

November 2nd, 2010 - 5:18 pm ICT by IANS  

Sensex Mumbai, Nov 2 (IANS) A benchmark index for Indian equities Tuesday closed flat as traders consolidated their portfolios after a two-day rally.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,407.18 points, closed at 20,326.76 points, down 28.87 points or 0.14 percent from its previous close at 20,355.63 points.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty ended at 6,112.75 points, almost unchanged from its previous close.

The central bank hiked both its short-term borrowing and lending rates by 25 basis points each in what could trigger higher interest rates on auto, housing and corporate loans.

The repurchase rate stands revised to 6.25 percent from 6 percent, while the reverse repurchase rate has been hiked to 5.25 percent from 5 percent in the sixth such interest rate tweak this year.

Broader markets closed mixed. The BSE midcap index ended 0.42 percent higher, while the BSE smallcap index moved up 0.09 percent.

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