Global cues, selling pressure pull equity indices lower

Weak global cues coupled with heavy selling pressure in consumer durables, banking and IT stocks pulled the key Indian equity indices lower on Tuesday.

The wider Nifty50 of the National Stock Exchange (NSE) provisionally closed (at 3.30 p.m.) lower by 80.75 points or 0.73 per cent at 11,049.65 points.

On the BSE, the barometer 30-scrip Sensitive Index (Sensex), which opened at 36,277.12 points, closed at 36,033.73 points -- down 249.52 points or 0.69 per cent from its previous close.

The Sensex slipped below the 36,000-mark to scale a low of 35,993.41 points during intra-day trade.

The BSE market breadth was bearish as 2,039 stocks declined against 810 advances.

On Monday, the key indices surged to new highs on the back of healthy buying in auto, IT and consumer durables stocks.

The wider Nifty50 of the National Stock Exchange (NSE) touched a record high of 11,171.55 points during intra-day trade and closed at a new level of 11,130.40 points.

On the BSE, the Sensex closed at a fresh high of 36,283.25 points after scaling a record intra-day level of 36,443.98 points.

--IANS

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