Sensex closed down 70 pts

The Bombay Stock Exchange benchmark Sensex ended in negative zone for the third consecutive day. The BSE closed down 70 points at 16,283 on Wednesday. Earlier, the BSE Sensex started flat at 16, 336 points. But right after it was in negative terrain at 16,144. Overall, the Sensex went up and then down in the day and finally closed with a loss of 70 points at 16,283. Thanks to global markets mixed cues. On the other hand, the National Stock Exchange index Nifty ended with a loss of 21 points at 4,826.

The market breadth was fairly negative. Out of 2,756 stocks traded 1,628 declined while 1,057 advanced. The major market movers were Bharti Airtel who added 3.5% at Rs 317 and Wipro gained 3% to Rs 623. Reliance moved up 2.5 per cent to Rs 562 and Tata Motors gained 2.5% to Rs 2,036. Larsen & Toubro added 2% to Rs 1,588 as well.