Sensex closed 394 points
Sensex closed 394 points, or 1.02 percent, lower at 38,220.39 and Nifty closed 96 points, or 0.84 percent, down at 11,312.20. BSE Midcap and Smallcap indices rose 0.87 percent and 0.72 percent, respectively. Among the sectoral indices, BSE Power and Utilities jumped over 4 percent each. Bank, finance, energy nd telecom packs fell over a percent each.