By IANS,
Mumbai : A benchmark index for Indian equities markets Friday closed 150 points lower as poor industrial numbers for September weighed on investors and banking stocks continued to loose after the industry’s recent downgrade by Moody’s.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 17,187.89 points, closed at 17,211.35 points (provisional), down 150.75 points or 0.87 percent from its previous close at 17,362.1 points.
It had slipped over 265 points around noon.
India’s industrial output fell sharply in September at 1.9 percent official data showed Friday, growing the slowest in over two years as rising interest rates and a slump in investments started to bite.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended lower at 5,175 points, down 46.05 points or 0.88 percent.
Broader markets also closed lower with the BSE 500 index ending 0.97 percent down. The BSE midcap index ended 1.07 percent lower while the BSE smallcap index slipped 1.55 percent.