At close, the Sensex was down 289.13 points at 37,397.24, while Nifty was down 103.80 points at 11,085.40. About 567 shares have advanced, 1907 shares declined, and 109 shares are unchanged. The Sensex ended 289 points or 0.77 per cent lower at 37,397 and the NSE Nifty 50 Index fell 0.93 per cent or 104 points to close at 11,085.
BSE Sensex and NSE Nifty 50 Indexes erased intraday gains and extended declines to second straight day dragged by selling pressure in banking, financial services and auto sector shares. The 50-share Nifty 50 index ended below important psychological level of 11,100 for the first time since March 8 while the 30-stock BSE benchmark Sensex dropped to lowest level since May 16. Selling pressure in today’s session was broad-based as the Nifty Midcap 100, Nifty Smallcap 100 and Nifty 500 Indexes dropped 1 and 2.2 per cent each.
Sensex closes with drop of 289.13 points and Nifty closes at 11085.40
