Mumbai Sep 5 (IANS) Broadly negative global cues coupled with a weak rupee depressed the Indian equity indices on Wednesday with the NSE Nifty50 closing below the psychological level of 11 500 points.
According to market observers heavy selling pressure was witnessed in consumer durables capital goods and FMCG stocks.
At 3.30 p.m. the Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11 476.95 points lower 43.35 points or 0.38 per cent from its previous close of 11 520.30 points.
The benchmark S&P BSE Sensex which had opened at 38 192.95 points provisionally closed at 38 018.31 points lower 139.61 points or 0.37 per cent from the previous close of 38 157.92 points.
The S&P BSE Sensex registered an intra-day high of 38 250.61 points and a low of 37 774.42 points during the day s trade.
The top gainers on the Sensex were Yes Bank Vedanta Adani Ports Wipro and Sun Pharma while Hindustan Unilever Kotak Mahindra Bank Bharti Airtel Reliance Industries and Hero MotoCorp were the major losers.

--IANS ravi-rrb/qd/sed