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STOCK EXCHANGE: Sensex Closes 581 Points Down; Nifty Drops 167.80 Points

MUMBAI: The Indian equities markets key indices closed at a negative note on Thursday (January 27) with Sensex and Nifty 50 sliding by around 1 percent. The stock markets opened sharply down on Thursday after the US Federal Reserve gave signal on interest rate hike and reaffirmed halting the bond-buying programme.

The benchmark Sensex opened in the red at 57,317.38 points and tumbled to a low of 56,439.36 points in the intra-day.The last hour recovery in the banking and auto stocks helped the benchmark indices recover some losses. However, it was not enough to help the index turn into positive terrain.

The 30 stock S&P BSE Sensex closed the day at 57,276.94 points, which is 581.21 points or 1.00 per cent down from its previous session's close at 57,858.15 points. The broader Nifty 50 of the National Stock Exchange closed 167.80 points or 0.97 per cent down at 17,110.15 points against its previous session's close at 17,277.95 points.