Downward trend of major Indian stock indices continued today as benchmerk indices including BSE's SENSEX and NSE's NIFTY ended the day in red. Bombay Stock Exchange's SENSEX has already lost 1900 points in this month and with weak global economic sentiments,it is set to decline further.
The S&P BSE Sensex closed down by 71.31 points at 26,710.13. The 30 component index hit a low of 26,469.42 and a high of 26,871.91 in days trade.
Broader index NSE's Nifty declined by 37.80 points at 8029.80. The index hit a low of 7,961.35 and a high of 8,082 in day's trade today.
News about LIC purchasing stocks helped in improving investor confidence and key stock indices gained towards end of day after falling by over 250 points today.