Mumbai June 27 (IANS) Caution ahead of the implementation of Goods and Services Tax (GST) and heavy selling pressure in banking capital goods and automobile stocks pulled the Indian equity markets lower on Wednesday.
Investors also remained cautious ahead of derivatives expiry on June 29 Thursday.
The wider Nifty of the National Stock Exchange (NSE) fell by 64.10 points or 0.67 per cent to provisionally close at 9 510.85 points (at 3.30 p.m.).
The 30-scrip Sensitive Index (Sensex) of the BSE closed below the 31 000-mark at 30 958.25 points -- down 179.96 points or 0.58 per cent from its previous close at 31 138.21 points.
The Sensex touched a high of 31 294.96 and a low of 30 847.08 points during intra-day trade.
The BSE market breadth was bearish -- with 1 874 declines and 718 advances.
--IANS
ppg/vt
GST, selling pressure spook investors, markets close lower (Second Lead)
