Negative global cues pull equity markets down

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Mumbai, July 7 (IANS) Negative global cues and selling pressure in IT, banking and consumer durables stocks pulled the Indian equity markets down on Friday.

Around 3.30 p.m., the wider Nifty of the National Stock Exchange (NSE) provisionally closed the day’s trade at 9,665.80 points — lower by 8.75 points, or 0.09 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,373.52 points, provisionally closed at 31,360.63 points — down 8.71 points, or 0.03 per cent, from its previous close at 31,369.34 points.

The Sensex has touched a high of 31,426.29 points and a low of 31,286.62 points during the intra-day trade.

However, the BSE market breadth was bullish — with 1,396 advances and 1,280 declines.

–IANS

rv/vt

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