Equities tumble on global cues, Nifty slips below 10k

Key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- tumbled by more than one per cent each on Friday as negative global cues, a weak rupee and heavy selling pressure in capital goods, metal and banking stocks, subdued investors' sentiments.

The wider Nifty50 of the National Stock Exchange (NSE) slipped below the psychologically important 10,000-mark, to provisionally close at 9,964.40 points -- down 157.50 points or 1.56 per cent.

The Nifty50 had reclaimed that level on September 11.

The 30-scrip Sensitive Index (Sensex) of the BSE, too, plunged to end below its psychologically important 32,000-points level, which was breached for the first time on July 13.

At 3.30 p.m., the Sensex closed at 31,922.44 points -- down 447.60 points, or 1.38 per cent, from its previous close at 32,370.04 points.

The BSE market breadth was bearish with 2,095 declines and 520 advances.

--IANS

ppg/vm