Global cues, banks drag In­dian eq­uity in­dices lower

Muscat Daily - - BUSINESS -

Mum­bai, In­dia - Broadly neg­a­tive global cues, cou­pled with heavy sell­ing pres­sure in bank­ing, oil and gas, and health­care stocks dragged the key In­dian eq­uity in­dices - the BSE Sen­sex and the NSE Nifty 50 - lower to pro­vi­sion­ally close on a sub­dued note on Tues­day.

The NSE Nifty 50, which closed above the psy­cho­log­i­cally im­por­tant 10,000-point mark for the first time on July 26, slipped to be­low that level by the day’s close as in­vestors booked prof­its.

On July 25, the Nifty climbed the 10,000-point mark for the first time in its al­most 22 year his­tory.

The wider Nifty 50 of the Na­tional Stock Ex­change (NSE) pro­vi­sion­ally closed at 9,978.55 points - down 78.85 points or 0.78 per cent - from its pre­vi­ous ses­sion’s close.

The 30-scrip Sen­si­tive In­dex (Sen­sex) of the BSE, which opened at 32,341.05 points, closed at 32,014.19 points - down 259.48 points, or 0.8 per cent - from its pre­vi­ous close at 32,273.67 points.

The Sen­sex touched a high of 32,354.77 points and a low of 31,915.2 points dur­ing the in­tra­day trade.

The BSE mar­ket breadth was skewed in favour of bears - with 1,985 de­clines and 600 ad­vances.

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