Mumbai June 21 (IANS) The Indian equity markets traded in the red during the mid-afternoon session on Wednesday as negative global cues a weak rupee and heavy selling pressure in automobile oil and gas and IT stocks subdued investors sentiments.
At 12.45 p.m. the wider Nifty of the National Stock Exchange (NSE) fell by 32.45 points or 0.34 per cent to 9 621.05 points.
The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 31 302.18 points traded at 31 231.85 points -- down 65.68 points or 0.21 per cent from its previous close at 31 297.53 points.
The Sensex has so far touched a high of 31 305.60 and a low of 31 193.61 points during intra-day trade.
The BSE market breadth was marginally bearish -- with 1 212 declines and 1 201 advances.
Equity benchmarks opened on a lower note on account of weak Asian market. Asian market is trading negative and US dollar is strong on US Federal Reserve official s comment. The Indian rupee also declined in early trade Dhruv Desai Director and Chief Operating Officer of Tradebulls told IANS.
Top gainers in the NSE are Bank of Baroda HUL L&T and Sunpharma while top losers are ONGC Cipla and TCS. Aviation stocks gained after international crude oil prices fell to a seven-month low.
On Tuesday the benchmark indices slipped to close on a flat-to-negative note on the back of prolonged outflow of foreign funds and selling pressure on banking and FMCG stocks.
The Nifty inched lower by 4.05 points or 0.04 per cent to close at 9 653.50 points while the Sensex closed at 31 297.53 points -- down 14.04 points or 0.04 per cent.
--IANS
ppg/vt
Global cues, selling pressure pull equity markets lower (Lead)
