Global cues, banks drag Indian equity indices lower
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.