Mumbai, May 19 (Inditop.com) A benchmark index for Indian equities Wednesday closed at its lowest level since March this year, ending 460 points lower on growing investors’ risk aversion.
Negative global cues weighed heavily on Indian markets after Germany announced tighter financial regulations, banning short selling government bonds and financial institutions, which fanned concern that global economic recovery may be derailed.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,802.39 points, closed at 16,415.73 points (provisional), 460.03 points or 2.73 percent down from its previous close at 16,875.76 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 4,921.4 points, down 2.86 percent from its previous close.
Broader markets also came under selling pressure with the BSE midcap index closing 2.62 percent lower and the BSE smallcap index 2.61 percent down.
