Sensex closes 254 points lower

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,525.32 points, closed at 18,330.62 points (provisional), down 254.34 points or 1.37 percent from its previous close at 18,584.96 points.

It had slipped 270 points to 18,314.34 points in intra-day trade.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also shut shop at 5,485.75 points, down 1.44 percent.

Broader markets ended in the red too, with the BSE midcap index closing 0.9 percent down and the BSE smallcap index 1.09 percent down.

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