Sensex closes on a seven-month low

The benchmark BSE index ended provisionally at 11,343.14 points, down 2.74 per cent.

Shares fell nearly 3 per cent on Wednesday at BSE, the biggest one-day percentage decline in nearly seven months, as foreign portfolio investors booked profits in top software services and consumer goods companies.

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The benchmark BSE index ended provisionally at 11,343.14 points, down 2.74 per cent, with losers beating gainers nearly two to one.

The drop was the biggest since September 22, 2005 when it fell 3.23 per cent, and came after the index had risen 24 per cent since the start of January 2006.

The 50-issue NSE index closed at a provisional 3,373.25 points, down 3.02 per cent.