Caution over Q2 dents markets, Sensex slips by 63 points (Third lead)

Mumbai, Oct 13 (IANS) Caution over the ongoing results season and weak global cues coupled with reduced chances of a lending rate cut depressed investors leading to a barometer index of the Indian equities provisionally closing 63 points down on Tuesday.

Both the Indian bellwether indices had opened lower due to negative import-export data coming out of China. Even the healthy domestic macro data points released a day earlier were not able to arrest the slide in the day’s trade.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed marginally in the red. It was lower by 17 points or 0.21 percent at 8,126.60 points.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE), which opened at 26,874.29 points, provisionally closed at 26,841.06 points (at 3.30 p.m.) — 63.05 points or 0.23 percent down from its previous close at 26,904.11 points.

The Sensex touched a high of 26,918.52 points and a low of 26,719.10 points during the intra-day trade.

The barometer index closed on Monday with a loss of 175 points or 0.65 percent.

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