Global cues, selling pressure pull Indian equities lower

Negative global cues and heavy selling pressure in capital goods, healthcare and metal stocks pulled the Indian equity markets lower on Wednesday.

Besides, a flat rupee, coupled with caution ahead of derivatives expiry, capped gains.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 16.40 points or 0.17 per cent to provisionally close at 9,369.75 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 30,446.77 points, provisionally closed at 30,301.64 points (at 3.30 p.m.) -- down 63.61 points or 0.21 per cent from its previous close at 30,365.25 points.

The Sensex touched a high of 30,534.15 points and a low of 30,247.60 points during intra-day trade.

 

The BSE market breadth was bearish -- with 2,019 declines and 700 advances.

On Tuesday, the Nifty closed at 9,386.15 points -- down 52.10 points or 0.55 per cent, while the Sensex tanked over 200 points or 0.67 per cent to close at 30,365.25 points.

--IANS

ppg/vt