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BREAKING NEWS

Negative global cues, selling pressure drag equity indices lower (Second Lead)

13 Nov 2017

Mumbai Nov 13 (IANS) Negative global cues coupled with heavy selling in index heavyweights like Adani Ports ONGC Coal India HDFC and Larsen and Toubro (L&T) among others subdued key Indian equity indices on Monday.



According to market observers domestic macro-industrial output data point released on Friday eroded investors risk taking appetite.

The wider Nifty50 of the National Stock Exchange (NSE) fell by 96.80 points or 0.94 per cent to provisionally close (at 3.30 p.m.) at 10 224.95 points.

The 30-scrip S&P BSE Sensex which opened at 33 397.41 points closed at 33 033.56 points -- down 281 points or 0.84 per cent -- from Thursday s close.

The Sensex touched a high of 33 417.30 points and a low of 32 999.98 points during intra-day trade.

The BSE market breadth was bearish -- 1 629 declines and 1 082 advances.

On Friday the benchmark indices closed in the green on the back of last-hour buying though they traded on a volatile note for most of the day on the back of negative global cues and outflow of foreign funds.

The NSE Nifty50 rose by 12.80 points or 0.12 per cent to close at 10 321.75 points while the BSE Sensex closed at 33 314.56 points -- up 63.63 points or 0.19 per cent.

--IANS
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