Sensex recovers a bit, but closes 291 points down (Third Lead)

August 8th, 2011 - 5:31 pm ICT by IANS  

Mumbai, Aug 8 (IANS) A benchmark for the Indian equities markets Monday closed 291 points lower as bourses remained jittery over the US sovereign debt rating downgrade.

The 30-scrip sensitive index of the Bombay Stock Exchange (BSE), which opened at 16,907.57 points, closed at 17,014.79 points (provisional), down 291.08 points or 1.68 percent, compared to its previous close at 17,305.87 points.

It had fallen to an intra-day low of 16,759.45 points, but later recouped some of its losses.

The Nifty of the National Stock Exchange (NSE), too followed a similar pattern and closed at 5,123.25 points, down 88 points or 1.69 percent.

Broader markets too closed in the red. The BSE midcap index closed 1.58 percent lower and the BSE smallcap index fell 2.37 percent.

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