D-St mirrors global rout

Mumbai, April 9: Benchmark stock indices Sensex and Nifty closed Wednesday with losses in global markets after Reserve Bank of India’s (RBI) monetary policy rates for a second consecutive time as it sought to bolster the economy in the face of further pressure from damaging US tariffs.

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The 30-share BSE Sensex dropped 379.83 points or 0.51 per cent to settle at 73,847.15. During the day, it slumped 591.02 points or 0.79 per cent to a low of 73,673.06.

The NSE Nifty declined 136.70 points or 0.61 per cent to 22,353.25. Intra-day, it tanked 182.6 points or 0.81 per cent to 22,307.65.

Mirroring weak trends in Asian equities, domestic equity indices opened lower and remained in the negative territory throughout the session after the US imposed a fresh set of tariffs, including a whopping 104 per cent levy on Chinese imports.