Key Indices Edge Down on Selling Pressure  

Mumbai: Selling pressure pulled the Indian equity markets lower on Tuesday. Both the key indices closed in the red as heavy selling pressure was witnessed in capital goods, banking and automobile stocks.
The wider Nifty edged down 16.65 points or 0.19 per cent to 8,706.40 points. The market barometer 30-scrip Sensex closed at 28,223.70 points, down 70.58 points or 0.25 per cent from the previous close at 28,294.28 points.

Opened at 28,373.02 points, Sensex touched a high of 28,432.74 points and a low of 28,179.34 points during the intra-day trade. The BSE market breadth was tilted in favour of the bears with 1,415 declines and 1,264 advances.
On Monday, the key indices plunged on the back of negative global cues and caution ahead of F&O (futures and options) expiry. The barometer index had receded by 373.94 points or 1.30 per cent, while the NSE Nifty declined by 108.50 points or 1.23 per cent.

Rupee Gains 11paise Against Dollar

The rupee firmed up by 11 paise to 66.50 against the dollar maintaining its upward trend for the fourth straight day. The sustained selling of the US currency by exporters and banks amid a higher opening in the domestic equity market supported the Indian currency. Forex dealers said weakness in the dollar against other currencies overseas supported the rupee. A higher opening in the domestic equity market gave the uptrend some momentum, they added. The domestic unit ended higher by 4 paise against the dollar at 66.61.

Source: IANS