Sensex down 500 points 58283: Nifty falls below 17500
MUMBAI: The benchmark indices of Indian stock markets closed lower on the first day of the week after being extremely volatile. Amicron's growing concerns and the US Federal Reserve's open market committee meeting starting tomorrow were a warning to investors. Profit booking was heading higher. It is almost certain that the Federal Reserve will announce a taper program in the wake of inflation and strong employment in the United States. The continued selling of foreign institutional investors in the Indian market is also hurting the market mood. The Nifty 50 index slipped below the 1500 level. The BSE Sensex crossed the 2000 level intraday. The Sensex closed higher at 208.5 today, lower at 8.30 and finally closed at 6.5. Compared to the previous close, the Sensex was closing at 202.5. The Nifty 50 Index closed at 12.20 above and 17.5 below and finally closed at 12.5. Compared to the last session, the Nifty closed down 13.05 points. Shares of realty, oil and gas and public sect