Bearish global cues drag equity markets lower (Third Lead)

Bearish global cues, along with disappointing domestic macro-economic data and a weak rupee, dragged the key Indian equity markets lower on Monday.

Consequently, as heavy selling pressure was witnessed in banking, automobile and capital goods stocks, the key indices provisionally closed the day's trade in the red.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 59.45 points, or 0.73 per cent, at 8,110.60 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,468.27 points, provisionally closed at 26,396.77 points (at 3.30 p.m.) -- down 238.98 points, or 0.90 per cent, from the previous close at 26,635.75 points.

The Sensex touched a high of 26,468.27 points and a low of 26,262.27 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bears -- with 1,545 declines and 953 advances.

The key indices on Friday had closed in the red led by negative global cues. The barometer index had lost 127.71 points or 0.48 per cent, while the NSE Nifty fell by 33.55 points or 0.41 per cent.

--IANS

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