Relief rally over, Sensex sheds 397 points

The two consecutive sessions of relief rally at the Indian equity markets ended on Wednesday, as a benchmark index shed 397 points during the day's trading.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) which opened flat during the morning session in line with global cues, notably from the Asian peers, closed deep in the red.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) receded and provisionally closed in the red. It was lower by 109.30 points or 1.39 percent at 7,728.25 points.

The S&P BSE Sensex which opened at 25,837.71 points, provisionally closed at 25,467.68 points (at 3:30 p.m.), down by 396.79 points or 1.53 percent from its previous day's close at 25,864.47 points.

The Sensex touched a high of 25,890.36 points and a low of 25,453.32 points in the intra-day trade.

The barometer index had closed the previous day's trade with gains of 104 points or 0.41 percent.