Global cues pull Indian equities lower

Broadly negative global markets, coupled with lower crude oil prices, pulled the Indian equities markets lower on Friday.

The key indices provisionally closed the day's trade on a flat-to-negative note, as heavy selling pressure was witnessed in metal, banking and oil and gas stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched down by 14.15 points or 0.17 per cent at 8,139.45 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,548.67 points, provisionally closed at 26,489.56 points (at 3.30 p.m.) -- down 29.51 points or 0.11 per cent from the previous close at 26,519.07 points.

The Sensex touched a high of 26,594.55 points and a low of 26,455.21 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears -- with 1,486 declines and 1,122 advances.

On Thursday, the equity markets were subdued by negative global indices, coupled with rupee depreciation and outflow of foreign funds.

The barometer index was down 83.77 points or 0.31 per cent, while the NSE Nifty inched down by 28.85 points or 0.35 per cent.

--IANS

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