Mumbai Sep 25 (IANS) Key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- descended sharply on Monday to provisionally close in the red as negative global cues on the back of prevailing geo-political tensions coupled with heavy selling pressure in index heavyweights like Adani Ports Tata Steel and ITC subdued investors sentiments.
According to market observers investors remained cautious about the government s plans for a stimulus programme which might lead to a huge fiscal deficit.
The wider Nifty50 of the National Stock Exchange (NSE) slipped by 91.80 points or 0.92 per cent to provisionally close at 9 872.60 points (at 3.30 p.m.).
The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 31 986.40 points closed at 31 626.63 points -- down 295.81 points or 0.93 per cent from its previous close at 31 922.44 points.
The Sensex far touched a high of 32 016.52 points and a low of 31 474.56 points during intra-day trade.
The BSE market breadth was bearish -- with 1 946 declines and 606 advances.
On Friday the benchmark indices witnessed the steepest fall since November 2016 on the back of escalating geo-political tensions between North Korea and the US a weak rupee and heavy selling pressure in capital goods metal and banking stocks.
The Nifty50 slipped below the psychologically important 10 000 points mark to close at 9 964.40 points while the Sensex plunged by 447.60 points or 1.38 per cent to end below its psychologically important 32 000 points-level at 31 922.44 points.
--IANS
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