Mumbai May 18 (IANS) After three consecutive days of record highs during the week the Indian equity markets slipped on Thursday tracking bearish global cues a weak rupee and heavy selling pressure in automobile capital goods and consumer durables stocks.
According to market observers investors were also cautious over the ongoing two-day meet of the Good and Services Tax (GST) Council in Srinagar which will finalise tax slabs on services and commodities in the country.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) fell below its important psychological level of 9 500 points to provisionally close at 9 420.90 points -- down 104.85 points or 1.10 per cent.
The 30-scrip Sensitive Index (Sensex) of the BSE shed 252.29 points or 0.82 per cent to provisionally close at 30 406.48 points (at 3.30 p.m.).
The Sensex touched a high of 30 575.83 points and a low of 30 393.72 points during intra-day trade.
The BSE market breadth was bearish -- with 2 043 declines and 702 advances.
On Wednesday the BSE Sensex closed at a new high of 30 658.77 points after an intra-day high of 330 692.45 points and the NSE Nifty at a new high of 9 525.75 points with an intra-day high of 9 532.60 points.
--IANS
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Equity markets slip on weak global cues, auto stocks plunge (Second Lead)
