Sensex cuts losses, closes 298 points lower (Third Lead)By IANS
Tuesday, November 23, 2010
MUMBAI - A benchmark index of Indian equities market, which plummeted over 600 points in afternoon trade Tuesday, managed to cut its losses and closed 298 points down.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,841.42 points, closed at 19,659.77 points, down 297.82 points or 1.46 percent, from its previous close of 19,957.59 points.
It had fallen about 614 points or 3.08 percent to 19,342.69 points in afternoon trade as traders turned jittery on reports of North and South Korean soldiers exchanging fire.
At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty also followed a similar trajectory to close at 5,925.65 points, down 1.4 percent.
Broader markets indices were in the red too, with the BSE madcap index ending 1.09 percent lower while the BSE smallcap index moved down 1.75 percent.