Negative global cues subdue equity markets

Mumbai, March 22 (IANS) Caution over a potential US rate hike, coupled with negative Chinese indices and profit booking, subdued the Indian equity markets on Tuesday.

Consequently, the barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally closed the day’s trade flat. It gained just 45 points or 0.18 percent.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) ended the day’s traded marginally in the green. It inched up by 10.10 points, or 0.13 percent, to 7,714.35 points.

The Sensex, which opened at 25,331.01 points, provisionally closed at 25,330.49 points (3:30 p.m.) — up 45.12 points or 0.18 percent from the previous day’s close at 25,285.37 points.

During the intra-day trade, the Sensex touched a high of 25,381.33 points and a low of 25,083.70 points.

The BSE market breadth slightly favoured the bulls — with 1,353 advances and 1,256 declines.

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