Global and domestic cues subdue Indian equities

Indian equities markets on Tuesday opened on a flat note as risks of upcoming global economic events, coupled with caution ahead of announcement of domestic inflation data, subdued investors' sentiments.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched down by 3.75 points or 0.05 per cent to 8,167.05 points.

On the other hand, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,607.65 points, traded at 26,532.49 points (at 9.30 a.m.) -- up 17.25 points or 0.07 per cent from the previous close at 26,515.24 points.

The Sensex touched a high of 26,611.81 points and a low of 26,499.48 points during the intra-day trade so far.

The BSE market breadth was tilted in favour of the bulls -- with 706 advances and 617 declines.

On Monday, the equity markets had slipped on the back of profit booking and negative domestic cues.

The barometer index was down 231.94 points or 0.87 per cent at 26,515.24 points, while the NSE Nifty slipped by 90.95 points or 1.10 per cent to 8,170.80 points.

--IANS

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