Negative global cues dent equity markets

Mumbai, Oct 6 (IANS) Negative global cues, coupled with lower crude oil prices and a weak rupee, dented the equity markets on Thursday.

The key indices provisionally closed the day’s trade in the red, as heavy selling pressure was witnessed in automobile, healthcare and banking stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down 34.40 points, or 0.39 per cent, to 8,709.55 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,298.35 points, provisionally closed at 28,106.21 points (at 3.30 p.m.) — down 114.77 points, or 0.41 per cent, from the previous close at 28,220.98 points.

The Sensex touched a high of 28,328.56 points and a low of 28,031.22 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,506 declines and 1,366 advances.

On Wednesday, both the key Indian indices ended in the red due to negative global cues, coupled with profit booking and disappointing macro-data.

The barometer index fell by 113.57 points, or 0.40 per cent, while the NSE Nifty edged down by 25.20 points, or 0.29 per cent.

–IANS

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