Global cues, selling pressure pull equity markets lower

The Indian equity markets on Wednesday closed on a flat note -- marginally in the red -- as negative global cues, a weak rupee and heavy selling pressure in automobile, metal, and oil and gas stocks subdued investors' sentiments.

The wider Nifty of the National Stock Exchange (NSE) fell by 19.90 points, or 0.21 per cent, to provisionally close at 9,633.60 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,302.18 points, provisionally closed at 31,283.64 points -- down 13.89 points, or 0.04 per cent, from its previous close at 31,297.53 points.

The Sensex touched a high of 31,336.44 points and a low of 31,193.61 points during intra-day trade.

The BSE market breadth was bearish -- with 1,369 declines and 1,264 advances.

--IANS

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