Indian equities pare gains, global cues spook investors

Indian equity markets on Tuesday were pulled lower to provisionally close on a flat note as investors were spooked ahead of the two-day US Federal Reserve's rate-setting meet slated to start later in the evening.

Heavy selling pressure was witnessed in automobile, IT and metal stocks.

At 3.30 p.m., the wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 9.50 points or 0.10 per cent to provisionally close at 9,606.90 points.

In contrast, the 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,091.10 points, closed at 31,103.49 points -- up a mere 7.79 points or 0.03 per cent from its previous close at 31,095.70 points.

 

The Sensex touched a high of 31,260.77 points and a low of 31,062.34 points during intra-day trade.

The BSE market breadth was bearish -- with 1,354 declines and 1,320 advances.

--IANS

ppg/vt