Sensex Closes 173 Points Lower, Nifty Settles At 11,691

Sensex fell 173.70 points, or 0.45 per cent, to close at 38,722.93, while the broader NSE Nifty50 shed 46.60 points to end at 11,691.90.

Domestic markets, closed in the red on Wednesday. BSE benchmark index Sensex fell 173.70 points, or 0.45 per cent, to close at 38,722.93, while the broader NSE Nifty50 shed 46.60 points to end at 11,691.90.

The fall was led by energy stocks on both the indices. Top laggards on the Nifty50 were Coal India, Reliance Industries and Power Grid Corporation, finishing with losses of around 2-3 per cent.

However, gains in PSU banking and metal stocks limited the downside.

Meanwhile, the rupee plunged to a lifetime low of 70.52 by plunging 42 paise against the US dollar on strong month-end demand for the American currency amid foreign fund outflows.

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