Mumbai, Oct. 28 -- Benchmark stock index Sensex fell by 352 points and Nifty closed below 22,700 on Wednesday, dragged down by selling in IT shares and blue-chip Reliance Industries amid rising crude oil prices.
The 30-share BSE Sensex opened lower and tanked 995 points to the day's low of 72,603.57 in morning deals. The barometer later recovered some of the losses to settle at 73,246.03, down by 352.64 points, or 0.48 per cent.
The 50-share NSE Nifty dropped 50.90 points, or 0.22 per cent, to close at 22,698.85.
Broader indices, however, advanced on select buying by investors. The BSE SmallCap Select index climbed 0.85 per cent and the MidCap Select index by 0.66 per cent.
From the 30 Sensex firms, Reliance Industries dropped 3.46 per cent, Infosys 3.34 per cent, Tech Mahindra 1.83 per cent, TCS 1.68 per cent, Bharti Airtel 1.42 per cent and Tata Steel 1.37 per cent. L&T, Trent, SBI, Axis Bank and InterGlobe Aviation were among the winners from the blue-chip pack.
Brent crude, the global oil benchmark, jumped 0.99 per cent to $114.5 per barrel. FIIs bought equities worth Rs 4,240.39 crore on Tuesday, according to exchange data.
Published by HT Digital Content Services with permission from Millennium Post.