Mumbai Sep 19 (IANS) Broadly negative global cues on the back of escalation in trade tensions dragged the key Indian equity indices into the red on Wednesday.
On a provisional basis the two key indices closed in the negative territory for the third consecutive session with the S&P BSE Sensex losing over 150 points.
Additionally the NSE Nifty50 dropped around 50 points to end below the 11 300 mark.
Sector-wise heavy selling pressure was witnessed in banking FMCG and consumer durables counters.
At 3.30 p.m. the wider NSE Nifty50 provisionally closed at 11 234.35 points lower by 44.55 points or 0.39 per cent from the previous close of 11 278.90 points.
The S&P BSE Sensex which had opened at 37 432.93 points provisionally closed at 37 121.22 points lower by 169.45 points or 0.45 per cent from the previous close of 37 290.67 points.
It touched a high of 37 530.63 points and a low of 37 062.69 points during the day s trade.

--IANS ravi-rv/bg