Sensex pares losses, closes on flat note
A benchmark index for Indian equities on Thursday pared intra-day losses and provisionally closed 30 points lower, amid concerns about the falling rupee.business Updated: Dec 15, 2011 17:51 IST
A benchmark index for Indian equities Thursday pared intra-day losses and provisionally closed 30 points lower, amid concerns about the falling rupee.
Traders were also cautious ahead of the mid-quarterly review of monetary policy on Friday.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 15,739.05 points, closed at 15,851.3 points (provisional), 29.84 points or 0.19% down from its previous close at 15,881.14 points.
The rupee fell to 54.30 to a dollar in early trade Thursday -- a new low as demand for the US currency from importers amid volatile global economic conditions continued to pull down the Indian currency.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also closed on a dull note at 4,752.05 points, down 0.24% or 11.2 points from its previous close.
Broader markets fell moderately with the BSE 500 index edging 0.26 percent lower. The BSE midcap index ended 1.11% lower while the BSE smallcap index slipped 1.41%.