Sensex slips in morning trade

A benchmark index for Indian equities markets on Wednesday fell in morning trade and was ruling about 159 points lower minutes after opening bell.

A benchmark index for Indian equities markets on Wednesday fell in morning trade and was ruling about 159 points lower minutes after opening bell.

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The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,872.3 points, slipped within minutes to rule at 16,724.24 points, down 158.43 points or 0.94% from its previous close at 16,882.67 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red, 50.72 points or 1% lower at 5,022.05 points.

Broader markets were also ruling lower with the BSE 500 index down 0.97%. The BSE midcap index was trading 0.85% lower while the BSE smallcap index was ruling 0.43% down.