Sensex Closes 151 Points Down

Compared with the BSE SENSEX shed 151 points on Wednesday as investors sold across the board blue chips fear hike in interest rates to tame inflation and lower than expected Q1 earnings posted by IT major Wipro, despite firm trend in overseas.

30-Share SENSEX which received 147 points Tuesday, began on a positive note, before declining 151.49 points to 18,502.38, with almost all of the indices closing in the red.

Broad National Stock Exchange index Nifty fell by 46.50 points to 5,567.05 after touching an intraday high 5,645.40.

Brokers said the feeling bearish ahead of RBI policy meet next week to concerns that stubbornly high inflation, the central bank will raise interest rates further, the bulk of corporate earnings.

Mood was also dampened after a major Wipro first quarter net income on the budget and its sales forecast for the next quarter failed to match market expectations and the impact on trade in technology.

Wipro shares fell to a 3-month low, losing 3.95 per cent of Rs 398.60 a piece.

Sales Pressure on sales momentum of the center-right path, and reports trends in the Asian region and the opening is greater in Europe failed to lift investor emotions.

Indica energy sector suffered most, losing 1.73 per cent followed by health care index, which fell 1.71 per cent. Capital goods index fell 1.45 percent and 1.42 percent of the car index.