BSE Sensex closes over 308 Points down

Mumbai, Sep 7: Negative cues from Asian markets, expectations of a US rate hike, weakening monsoon and a falling rupee eroded investor confidence on Monday leading to a barometer index provisionally closing over 308 points down.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) plunged 308.09 points or 1.22 percent. A flat trajectory was witnessed at the wider 50-scrip Nifty of the National Stock Exchange (NSE) also. It declined by 96.25 points or 1.26 percent at 7,558.80 points.

The S&P BSE Sensex, which opened at 25,302.98 points, provisionally closed at 24,893.81 points (at 3.35 p.m.) — down 308.09 points or 1.22 percent from the previous day’s close at 25,201.90 points. The BSE Sensex touched a high of 25,387.32 points and a low of 24,851.77 points in the intra-day trade.