Markets continue to slide in afternoon session

Mumbai, Nov 10 (IANS) Short covering on the back of negative cues depressed the Indian equity markets and led to the barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) shedding 192.53 points during the afternoon trade session on Tuesday.

Both the bellwether indices of the Indian equity markets opened in the negative territory on the back of bearish sentiments emanating out of Bihar polls outcome, heightened chances of a US rate hike and disappointing quarterly results.

The other bellwether index — 50-scrip Nifty of the National Stock Exchange (NSE) — declined during the session under review. It was lower by 74.30 points or 0.94 percent at 7,840.90 points.

The S&P BSE Sensex, which opened 26,094.09 points, was trading at 25,928.87 points (2.15 p.m.) — down 192.53 points or 0.74 percent from the previous day’s close at 26,121.4 points.

The Sensex has so far touched a high of 26,094.09 points and a low of 25,831.54 points during the intra-day trade.

The S&P BSE Sensex had closed the previous day’s trade down 144 points or 0.55 percent.

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