Sensex, Nifty logged modest losses in afternoon trade

The Sensex and the Nifty today logged modest losses in the afternoon trade. Both stock indices declined for the third session in row amid mixed cues from global share markets. The BSE Sensex was trading near 58,400 points while the NSE Nifty was trading below the 17,500 mark.

The Sensex lost 174 points, or 0.3 percent to trade at 58,402 while the Nifty was down 35 points, or 0.2 percent, to trade at 17,495. In the forex market, the rupee also weakened three paise against the US dollar. The domestic currency was trading at 76 rupees and 17 paise against dollar when reports last came in.

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