Sensex ends 137 points lower (Second Lead)
June 16th, 2011 - 5:14 pm ICT by IANS
Mumbai, June 16 (IANS) A benchmark index for Indian equities markets Thursday closed 137 points lower as traders reacted negatively to the interest rate hike by the Reserve Bank of India — the tenth interest rate hike since March 2010.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,060.11 points, closed at 17,995.19 points (provisional) — down 137.05 points or 0.76 percent from its previous close at 18,132.24 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended in the red at 5,398.6 points, down 0.9 percent.
Broader markets too ended in losses, with the BSE midcap index closing 0.81 percent down and the BSE smallcap index ending 0.63 percent lower.
Markets closed lower after RBI said that it would persist with its hawkish monetary stance to curb inflation.
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Tags: bank of india, benchmark index, bombay stock exchange, bse, inflation, interest rate hike, losses, monetary stance, national stock exchange, reserve bank of india, sensex, sensitive index, smallcap index