Nifty closes below 11,450; Sensex slips 100 points

Mumbai, Mar 27 The BSE benchmark Sensex eradicated early gains and finished more than 100 points lower Wednesday as fund, banking and IT shares succumbed to selling pressure.

The 30-share index settled 100.53 points, or 0.26 percent lower at 38,132.88, while the more extensive NSE Nifty slipped 38.20 points, or 0.33 percent, to 11,445.05.

NTPC was the greatest washout in the Sensex pack, tumbling 2.25 percent, trailed by Tata Motors, Hero MotoCorp, Bharti Airtel, PowerGrid, HDFC, Reliance Industries, Coal India and M&M that shed up to 1.85 percent.

Yes Bank was the top gainer, spurting 5.62 percent.

Other winners were IndusInd Bank, SBI, Bajaj Auto, HCL Tech, ONGC, Bajaj Finance, Axis Bank, Infosys and Vedanta, rising up to 5.27 percent.

During the day, the benchmark indices witnessed heavy volatility amid Prime Minister Narendra Modi's address to the nation.

The business sectors, which opened higher in the first part of the day over Tuesday's close, strongly plunged after the Prime Minister tweeted that he will address the country.

The Sensex jumped over 200 points during Modi's declaration that India had demonstrated anti-satellite missile capability by shooting down a live satellite.



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