89
MUMBAI:
Profit taking
by
nervous investors
ahead of the
Lok Sabha poll results
on June 4 pulled
leading indices
down for the fourth consecutive session on
Wednesday
.
Rising crude oil prices and fading chances of a rate cut by the US Federal Reserve also weighed on investor sentiment. As a result, even the improvement in India’s sovereign rating by global ratings agency S&P was discounted by Dalal Street investors, brokers and analysts said.
At the close of Wednesday’s trading, the sensex was down 668 points or 0.9% at 74,503, while Nifty closed at 22,705 points, down 183 points. From its all-time peak of 76,010 points on Monday, the sensex has lost 1,500 points.
