In­dian eq­ui­ties fall 96 points

Gulf Times Business - - BUSINESS - IANS

A con­tin­u­ous rise in global crude oil prices, along with cau­tion ahead of key micro-eco­nomic data to be re­leased later in the day, dragged the In­dian eq­uity mar­ket into the red yes­ter­day.

The bench­mark Brent crude prices rose over 0.5% to cross the $62 a-bar­rel-mark.

Stocks of IT, bank­ing and fi­nance sec­tors were heav­ily sold.

Realty sec­tor stocks also ended 1.43% lower after Fi­nance Min­is­ter Arun Jait­ley said at Thurs­day’s GST Coun­cil Meet­ing that owing to di­verse opin­ions, a de­ci­sion on the much-ex­pected rate re­duc­tion for un­der-con­struc­tion homes will be taken at a later meet­ing.

In­dex-wise, the Nifty50 de­clined by 33.55 points or 0.31% to set­tle at 10,821.60. The S&P BSE Sen­sex closed at 36,009.84, lower by 96.66 points or 0.27% from the pre­vi­ous close of 36,106.50.

It had opened at 36,191.87 points and touched an in­tra-day high of 36,214.26 and a low of 35,840.60. Key macro-eco­nomic fig­ures like forex re­serves, In­dus­trial Pro­duc­tion and man­u­fac­tur­ing out­put are set to be re­leased later in the day.

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