Negative global cues subdue equities; healthcare, FMCG stocks plunge

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Mumbai, Sep 6 (IANS) Negative global cues and heavy selling pressure in index heavyweights like Sun Pharma, ITC, Lupin and Axis Bank pulled key Indian equity indices — the NSE Nifty50 and the BSE Sensex — lower on Wednesday.

Sectorwise, the S&P BSE healthcare, FMCG and capital goods indices, among others, slipped into the negative zone.

The wider 51-scrip Nifty50 of the National Stock Exchange (NSE) fell by 36.70 points, or 0.37 per cent, to provisionally close at 9,915.50 points (at 3.30 p.m.).

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,713.50 points, closed at 31,661.97 points — down 147.58 points, or 0.46 per cent, from its previous close at 31,809.55 points.

The BSE market breadth, however, was slightly bullish with 1,331 advances and 1,238 declines.

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The Sensex touched a high of 31,727.85 points and a low of 31,586.53 points during the day’s trade.

On Tuesday, the benchmark indices closed on a higher note as positive European markets and persistent purchasing by domestic institutional investors (DIIs) buoyed investors’ sentiments.

The Nifty50 closed at 9,952.20 points — up 39.35 points or 0.40 per cent, while the Sensex closed at 31,809.55 points — up 107.30 points or 0.34 per cent.

–IANS

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