Mumbai Aug 10 (IANS) The key Indian equity indices on Thursday tumbled for the fourth consecutive session as negative global cues and heavy selling pressure in automobile healthcare and capital goods stocks hampered investors sentiments.
According to market observers the key indices were pulled lower as index heavyweights like Tata Motors Dr. Reddy s Lab Sun Pharma and Adani Ports among others faced intense selling pressure.
The NSE Nifty50 of the National Stock Exchange (NSE) tested the psychologically important 9 800-level to provisionally close lower by 60.35 points or 0.61 per cent at 9 847.70 points (at 3.30 p.m.).
The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 31 750.73 points closed at 31 531.33 points -- down 266.51 points or 0.84 per cent from its previous close at 31 797.84 points.
The Sensex touched a high of 31 756.27 points and a low of 31 422.80 points during the intra-day trade.
The BSE market breadth heavily favoured bears -- with 2 181 declines and 390 advances.
On Wednesday the benchmark indices closed on a subdued note on the back of weak global markets and outflow of foreign funds.
The NSE Nifty50 closed 70.50 points or 0.71 per cent lower at 9 908.05 points while the Sensex closed at 31 797.84 points -- down 216.35 points or 0.68 per cent.
--IANS
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