Rise in oil prices drags In­dian eq­uity in­dices lower

The Gulf Today - Business - - REGION -

MUM­BAI: The In­dian eq­uity mar­kets ceded their ini­tial gains to close Thurs­day’s trade ses­sion in the red as neg­a­tive global cues like rise in crude oil prices eroded in­vestors risk-tak­ing appetite.

Ac­cord­ingly, the key do­mes­tic in­dices rose higher dur­ing the early trade ses­sion on the back of pos­i­tive do­mes­tic po­lit­i­cal cues but failed to main­tain the mo­men­tum and saw heavy sell­ing in bank­ing and FMCG coun­ters.

At 3.30 pm, the wider 50-scrip Nifty of the Na­tional Stock Ex­change (NSE) pro­vi­sion­ally closed at 10,682.70 points − down 58.40 points or 0.54 per cent from the pre­vi­ous close of 10,741.10 points.

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