Zee Media Bureau
The BSE benchmark Sensex trimmed its early falls but quoted down over 300 points in closing hour of trade Wednesday on selling by funds and retail investors, tracking weak global cues amidst deepening crisis in Iraq.
The 30-share index, which gained over 54 points in the morning trade, was trading 318.17 points, or 1.25 percent, down at 25,203.02. It moved in range of 25,114.30 -25,609.28.
All the sectoral indices led by power, realty, PSU and oil gas were trading in negative territory with losses up to 2.59 percent.
In a similar fashion, the National Stock Exchange index Nifty was down 84.05 points, or 1.10 percent, at 7,547.65.
Brokers said sentiments dampened after funds indulged in selling, tracking a weak trend on other Asian bourses amidst tension in Iraq that led to rise in global crude prices.
Stocks of RIL fell 1.50 percent to Rs 1,073.60 despite company saying it will invest Rs 1.8 lakh crore across businesses over the next three years and launch the much-awaited 4G broadband services in 2015.
Among the prominent losers, ONGC fell by 1.11 percent, followed by SBI (0.81 percent), Sesa Sterlite (1.46 percent) and Larsen and Toubro (1.45 percent).
With agency inputs
