Equity indices pare all gains on selling pressure

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Mumbai, March 9 (IANS) Paring entire gains of the day, the key Indian equity indices provisionally closed in the red as a sell-off in metals, banking and healthcare stocks, among others, subdued investors’ risk-taking appetite.

The wider Nifty50 of the National Stock Exchange (NSE) fell by 15.80 points or 0.15 per cent to provisionally close at 10,226.85 points (at 3.30 p.m.).

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,465.05 points, closed at 33,307.14 points — down 44.43 points or 0.13 per cent from its previous session’s close.

The Sensex touched a high of 33,519.49 points and a low of 33,256.42 during the intra-day trade.

The BSE market breadth turned bearish as 1,592 stocks declined as against 1,129 advances.

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On Thursday, value buying by investors, along with positive global markets on the back of easing of trade war fears, propelled the key indices after six sessions of losses.

The Sensex closed at 33,351.57 points, up 318.48 points or 0.96 per cent, while the Nifty50 rose by 88.45 points or 0.87 per cent to close at 10,242.65 points.

–IANS

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