Weak global cues depress Indian equity indices

Decline in the global markets and heavy selling pressure on banking, auto and finance stocks pulled the key Indian equity indices lower on Monday.

Market sentiments were subdued, also due to a weakness in the Indian rupee and high crude oil prices. On Monday, Brent crude oil was priced around $83 per barrel.

At 1.14 p.m, the wider Nifty50 on the National Stock Exchange traded at 10,867.85 points, lower by 62.60 points or 0.57 per cent from its previous close.

The S&P BSE Sensex, which opened at 36,274.25 points, traded at 36,104.76 points, down 122.38 points, or 0.34 per cent from its previous close of 36,227.14 points.

So far, it has touched an intra-day high of 36,291.51 points and a low of 35,960.65.

--IANS

rrb/mr