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Global cues drag equity markets lower

IANS  |  Mumbai 

Negative global cues, coupled with a weak rupee dragged the Indian equity markets lower during the mid-afternoon trade session on Monday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) traded lower by 11.25 points or 0.12 per cent to 9,139.55 points.

The 30-scrip Sensitive Index (Sensex) of the BSE inched down by 26.41 points or 0.09 per cent.

The S&P BSE Sensex opened at 29,470.27 points, traded at 29,435.04 points (at 1.20 p.m.) from its previous close at 29,461.45 points.

The Sensex has touched a high of 29,494.08 points and a low of 29,363.28 points during the intra-day trade so far.

"Nifty commenced the week on a slightly negative note following the bearish global cues. On the other hand Bank Nifty opened on a slightly positive stance but failed to hold its morning gains and slipped in the red," Dhruv Desai, Director and Chief Operating Officer of Tradebulls told IANS.

"Firm opening of USD/INR futures has also put pressure on the benchmark indices. Along with FMCG, Tyre sector stocks are currently outperforming the on support of strong buying."



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)