Trade tensions, Q4 results drag equity indices lower

Mumbai, May 8 (IANS) Global trade tensions along with disappointing quarterly results suppressed the key Indian equity indices during Wednesday's mid-afternoon trade session. The key indices - the S&P BSE Sensex and NSE Nifty50 - had a gap-down opening on Wednesday. According to market observers, heavy selling pressure was witnessed in banking, automobile and consumer goods stocks. At around 2.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded lower by 81.95 points or 0.71 per cent to 11,415.95 points. The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,204.66 points, traded at 37,986.97 points - lower by 289.66 points or 0.76 per cent - from its previous session's close of 38,276.63 points.
--IANS rv/mr