Mumbai June 28 (IANS) With the country s biggest indirect tax reform -- Goods and Services Tax (GST) -- just around the corner and derivatives expiry a day away the Indian equity markets traded in the red during the mid-afternoon session on Wednesday.
Besides investors sentiments were dampened by negative global cues and heavy selling pressure in consumer durables and capital goods stocks.
Around 1.02 p.m. the wider Nifty of the National Stock Exchange (NSE) traded below the 9 500-mark. It fell by 14.20 points or 0.15 per cent to trade at 9 497.20 points.
The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 30 988.87 points traded at 30 872.52 points -- down 85.73 points or 0.28 per cent from its previous close at 30 958.25 points.
The Sensex has so far touched a high of 31 000.48 points and a low of 30 868.51 points during intra-day trade.
However the BSE market breadth was bullish -- with 1 231 advances and 1 157 declines.
Equity markets opened flat-to-positive and traded flat. Asian markets traded in the negative and that might also have dampened sentiment of our market Dhruv Desai Director and Chief Operating Officer of Tradebulls told IANS.
Auto metal oil and gas sectors traded positive while capital goods and consumer durables stocks traded in the negative he noted.
On Tuesday the benchmark indices closed on a lower note on the back of weak European markets and as investors booked profits.
The BSE Sensex closed at 30 958.25 points -- down 179.96 points or 0.58 per cent while the Nifty fell by 63.55 points or 0.66 per cent to close at 9 511.40 points.
--IANS
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Equity markets slip on global cues, jittery ahead of GST execution (Lead)
