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Global cues drag equity markets lower

IANS  |  Mumbai 

Rising geo-political tension in East along with upcoming derivatives expiry dragged the key Indian equity indices -- the Nifty50 and the -- to close deep in the red on Tuesday.

According to market observers, heavy selling pressure in banking, consumer durables and capital goods stocks also weighed on markets' sentiments.

Post 3.30 p.m., the wider 51-scrip Nifty of the National Stock Exchange (NSE) closed at 9,796.05 points -- down 116.75 points or 1.18 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,724.84 points, closed at 31,388.39 points -- down 362.43 points or 1.14 per cent from Monday's close at 31,750.82 points.

The touched a high of 31,739.80 points and a low of 31,360.81 points during the intra-day trade.

On Monday, the benchmark indices closed on a positive note as border tensions between China and India eased and a spurt of buying support was seen in the consumer durables, capital goods and IT stocks.

Consequently, the Nifty50 on Monday rose by 55.75 points or 0.57 per cent to 9,912.80 points.

Similarly, the edged-higher by 154.76 points or 0.49 per cent to 31,750.82 points.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, August 29 2017. 15:56 IST
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