May 17, 2011

Sensex closes down 202 pts

The Sensex closed lower for the second consecutive day with the Sensex closing down 202 points at 18,142 and the Nifty shed 58 points to close at 5,440.

The benchmark indices had a muted opening and were trading in a sideways manner throughout most of the session, raising hopes of a relatively stable trading day after the nearly 200-pts fall (Sensex) witnessed on Monday. But the result announcement of State Bank of India proved to be ominous.Thereafter, the sensex dropped to touch the day's low of 18,097. down 339 points from the day's high.

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