Mumbai Aug 2 (IANS) Broadly negative global cues along with disappointment over the RBI s lending rate hike and profit booking dragged the key Indian equity indices -- NSE Nifty50 and S&P BSE Sensex -- deep into the red on Thursday.
According to market observers heavy selling pressure was witnessed in the interest sensitive stocks like banking automobile and capital goods which plunged a day after the RBI hiked its key lending rates by 25 basis points.
At 3.30 p.m. the wider Nifty50 on the National Stock Exchange provisionally closed at 11 244.70 points lower by 101.50 points or 0.89 per cent from its previous level of 11 346.20 points.
The 30-scrip BSE Sensex which had opened at 37 529.69 points traded at 37 165.16 (3.30 p.m.) -- lower by 356.46 points or 0.95 per cent from its previous close of 37 521.62 points.
On an intra-day basis it touched a high of 37 529.69 points and a low of 37 128.99 points.
The top gainers on the Sensex were Power Grid Coal India Hindustan Unilever IndusInd Bank and Wipro while Bharti Airtel Kotak Mahindra Bank Maruti Suzuki Reliance Industries and HDFC lost the most.

--IANS rrb/mag/mr