Mumbai March 5 (IANS) Negative Asian cues -- on the prospect of global trade wars -- pulled the key indices of the Indian equity market lower during the early morning session on Monday.
According to market observers heavy selling pressure was witnessed in metals auto and banking stocks.
At 9.25 a.m. the barometer 30-scrip Sensitive Index (Sensex) of the BSE traded at 33 812.13 points -- down 234.81 points or 0.69 per cent from its previous close of 34 046.94 points.
Similarly the wider Nifty50 of the National Stock Exchange (NSE) edged-lower. It was down by 80.25 points or 0.77 per cent to close at 10 378.10 points.
In the intra-day trade so far the S&P BSE Sensex touched a high of 34 034.28 points and a low of 33 795.38 points.
The key indices of the Indian equity market were closed last Friday to mark the festival of Holi.
On Thursday -- the previous trade session -- both the key indices closed on a flat-to-negative note due to negative global cues and the stress being faced by the banking sector.
However a minor pullback rally led by healthy GDP growth data for the third quarter of 2017-18 pared some losses.
Consequently the Nifty50 had inched lower by 32.7 points or 0.31 per cent to close at 10 458.35 points while the Sensex closed at 34 046.94 points -- declined 95.21 points or 0.28 per cent.
--IANS
rv/ksk
