Mumbai Aug 21 (IANS) Negative global cues and heavy selling pressure in index heavyweights such as Infosys ONGC and Tata Motors among others pulled the key Indian equity indices -- the NSE Nifty 50 and the BSE Sensex -- lower on Monday.
According to market observers subdued global benchmark indices coupled with foreign fund outflows eroded investors risk-taking appetite.
Besides heavy selling pressure witnessed in oil and gas automobile IT banking and capital goods stocks too weighed heavy on key indices.
At 3.35 p.m. the 30-scrip Sensitive Index (Sensex) provisionally closed lower by 265 points or 0.84 per cent.
Similarly the wider 51-scrip Nifty of the National Stock Exchange (NSE) provisionally closed lower by 83.05 points or 0.84 per cent at 9 754.35 points.
The Sensex of the BSE which opened at 31 609.93 points provisionally closed at 31 258.85 points (at 3.35 p.m.) lower by 265.83 points or 0.84 per cent from Friday s close at 31 524.68 points.
The Sensex touched a high of 31 641.81 points and a low of 31 220.53 points during the intra-day trade.
However the BSE Sensex and NSE Nifty had opened higher on Monday against their respective previous sessions close.
--IANS
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