Negative global cues pull Indian equities lower (Second Lead)

Mumbai Feb 27 (IANS) Broadly negative global cues coupled with a weak rupee and heavy selling pressure witnessed in banking automobile and capital goods stocks subdued investors sentiments and pulled the Indian equities markets lower on Monday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 42.80 points or 0.48 per cent to 8 896.70 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE which opened at 28 910.50 points provisionally closed at 28 812.88 points (at 3.30 p.m) -- down 80.09 points or 0.28 per cent from the previous close at 28 892.97 points.

The Sensex touched a high of 28 961.83 points and a low of 28 791.19 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears -- with 1 520 declines and 1 267 advances.

On February 23 the benchmark indices closed on a flat-to-positive note as inflow of foreign funds and rupee appreciation buoyed investors sentiments.

The NSE Nifty rose by 12.60 points or 0.14 per cent to close at 8 939.50 points and the BSE Sensex was up 28.26 points or 0.10 per cent at 28 892.97 points.

--IANS
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