Selling pressure in metal stocks, weak macro-data subdue equities

Key Indian equity indices on Wednesday provisionally closed in the red as investors' sentiments were subdued on the back of heavy selling pressure in metal stocks along with negative global cues and disappointing domestic macro-data released a day before.

The wider Nifty50 of the National Stock Exchange (NSE) fell by 68.55 points, or 0.67 per cent, to provisionally close (at 3.30 p.m.) at 10,118.05 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,944.94 points, closed at 32,760.44 points -- down 181.43 points or 0.55 per cent -- from Tuesday's close.

The Sensex touched a high of 32,944.94 points and a low of 32,683.59 points during intra-day trade.

The BSE market breadth was bearish -- 1,925 declines and 783 advances.

On Tuesday, the benchmark indices closed in the red for the second consecutive session.

The NSE Nifty50 dipped by 38.35 points, or 0.38 per cent, to close at 10,186.60 points, while the Sensex closed at 32,941.87 points -- down 91.69 points or 0.28 per cent.

--IANS

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