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Markets end lower on IT, telecom sell-off

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Following heavy selling pressure in IT, telecom and realty stocks amid growing concerns over a possible global economic slowdown, the equity benchmark indices Sensex and Nifty closed moderately lower on Wednesday.

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While the 30-share BSE Sensex dipped 72.56 points or 0.10 per cent to close at 74,029.76, Nifty tumbled 27.40 points or 0.12 per cent to end at 22,470.50. It had dipped 168.35 points or 0.74 per cent to hit an intraday low of 22,329.55.

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