Markets close in the red, Sensex slips 248 points (Third Lead)

March 5th, 2009 - 5:58 pm ICT by IANS  

SensexMumbai, March 5 (IANS) Indian equities closed in the red Thursday, with a key index dipping to a level last seen in November 2005, despite low inflation numbers and rate cuts announced by the country’s central bank Wednesday evening.
The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 8,535.03 points, closed at 8,197.92 points, a fall of 248.57 points or 2.91 percent from its previous close.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) also shed 2.59 percent from its last close to end at 2,576.7 points.

Broader market indices like the BSE midcap index closed 1.71 percent lower; the BSE smallcap index was down 1.81 percent.

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