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Sensex closes 87 points lower

Sensex closes 87 points lower

A benchmark index for Indian equities markets on Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.

Aviation stocks, however, shot up after the government approved carriers' demand of importing jet fuel directly - a move which will help airlines bring down operating costs.

The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,813.74 points and was ruling at 17,620.3 points (provisional), 87.01 points or 0.49 per cent down from its previous close at 17,707.31 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also closed in the red at 5,333.6 points, down 28.05 points or 0.52 per cent from its previous close.

Broader markets were dull, with the BSE 500 index ending 0.6 per cent lower from its previous close. The BSE midcap index was down 0.75 per cent while the BSE smallcap index shed 0.35 per cent.

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