Negative global cues dent equity markets

Negative-Global-Cues(IANS) Negative global cues, along with lower crude oil prices and caution ahead of quarterly results, depressed the Indian equity markets on Wednesday.

This led to the key indices of the Indian equity markets to provisionally close the day’s trade in the red.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended 40.45 points or 0.52 percent down, at 7,706.55 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,210.87 points, provisionally closed at 25,101.73 points (at 3.30 p.m.) — down 127.97 points or 0.51 percent from the previous close at 25,229.70 points.

The Sensex touched a high of 25,245.70 points and a low of 25,061.04 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,777 declines and 792 advances.

Both the key Indian indices had ended in the negative territory during the previous trade session on Tuesday. The barometer index had declined by 207.27 points or 0.81 percent.

Similarly, the NSE Nifty had closed lower by 58.90 points or 0.75 percent.

Medaram Jathara

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