Sensex pares losses, closes 50 points down

Tuesday, August 31, 2010   |    3 Comments
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Mumbai: BSE, the benchmark index for Indian equities Tuesday closed 50 points lower than its previous close, recouping some of its intra-day losses. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,015.66 points, closed at 17,981.48 points (provisional), 50.63 points or 0.28 percent down from its previous close at 18,032.11 points. It had fallen to 17,819.99 points earlier. While M&M (3.08 percent), ITC (2.13 percent), Tata Motors (1.61 percent), Maruti (1.54percent) and Bharti Airtel (1.27percent) led the Sensex gainers, Reliance Communications (-3.61 percent), Jaiprakash Associates (-3.41 percent), Reliance Industries (-3.09percent), Jindal Steel (-2.25percent) and DLF (-1.74 percent) were the major Sensex losers. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty followed a similar trajectory, closing percent 0.33 down at 5,397.5 points. Broader markets indices also ended in the red. The BSE midcap index was down 0.49 percent while the BSE smallcap index shut shop 0.89 percent lower.
Source: IANS
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