Negative global cues, profit booking pull indices lower

Mumbai: Negative global cues on Tuesday depressed the domestic stock markets. Profit booking had put further pressure on the equities on BSE and NSe. Both the key equity indices closed in the red as heavy selling pressure was witnessed in IT (information technology) and automobile stocks.

Opened at 28,190.04 points, Sensex recorded a day’s high of 28,199.10 points and a low of 27,942.65 points during the intra-day trade.The BSE market breadth was tilted in favour of the bears with 1,615 declines and 1,106 advances.  

The wider Nifty slipped by 29.60 points or 0.34 per cent to 8,642.55 points. The market barometer 30-scrip Sensex closed at 28,064.61 points, down 87.79 points or 0.31 per cent from the previous close at 28,152.40 points. Opened at 28,190.04 points,
Sensex recorded a day’s high of 28,199.10 points and a low of 27,942.65 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears with 1,615 declines and 1,106 advances.
On Friday, the benchmark indices had closed with substantial gains on the back of positive global cues, coupled with higher crude oil prices and healthy inflow of foreign funds. Sensex rose by 292.80 points or 1.05 per cent, while Nifty edged up by 80 points or 0.93 per cent.

Rupee recovers 7 paise against US dollar

The rupee recovered seven paise to 66.82 against the US dollar as exporters and banks were sellers in the US currency. Besides, weakness in the US dollar against other currencies overseas supported the rupee. The rupee had lost four paise at 66.89 against the US dollar in Friday’s trade due to sustained dollar demand from banks and importers.

Source: IANS/ PTI