Home ECONOMY Sensex provisionally closes 630 points down

Sensex provisionally closes 630 points down


Mumbai, May 12:

Foreign funds’ anxiety over the minimum alternate tax (MAT), free falling rupee value and disappointing fourth quarter results, led a benchmark index of Indian equities market to provisionally close Tuesday’s trade down 630 points.

sensex-downThe wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed the day’s trade deep in the red. It closed 198.30 points or 2.38 percent at 8,126.95 points.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,502.91 points, closed the day’s trade at 26,877.48 points (at 3.30 p.m.), down 629.82 points or 2.29 percent from the previous day’s close at 27,507.30 points.

The Sensex has touched a high of 27,502.91 points and a low of 26,837.39 points in the intra-day trade. (IANS)