Global cues continue to weigh heavy on equity markets (Second Lead)

Mumbai March 1 (IANS) Despite better-than-expected macro-economic growth indicators the key Indian equity indices provisionally closed in the red on Thursday as weak global cues and outflow of foreign funds eroded the risk-taking appetite of investors.

At 3.30 p.m. the barometer 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed at 34 046.94 points -- down 137.10 points or 0.40 per cent from its previous close of 34 184.04 points.

Similarly the wider Nifty50 of the National Stock Exchange (NSE) edged lower during the day s trade session. It receded by 41.75 points or 0.40 per cent to close at 10 451.10 points.

"Equity markets opened on a positive note following better-than-expected economic growth but later erased gains and traded lower post the first half an hour of the day s trade session " said Dhruv Desai Director and Chief Operating Officer of Tradebulls.

--IANS
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