Selling pressure subdues Indian equity indices

Mumbai March 7 (IANS) Indian equity markets traded on a flat-to-negative note during the early morning trade session on Tuesday as heavy selling pressure was witnessed in metal automobile and healthcare stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched down by 8.00 points or 0.09 per cent to 8 955.45 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE which opened at 29 092.16 points traded at 29 043.01 points (9.35 a.m.) -- was a tad lower by 5.18 points or 0.02 per cent from the previous close at 29 048.19 points.

The Sensex touched a high of 29 098.17 points and a low of 29 033.83 points during the intra-day trade so far.

On Monday the benchmark indices surged to their new closing-high levels in the last 24 months as investors sentiments were buoyed after a major breakthrough was achieved on the Goods and Services Tax (GST) legislation.

Besides inflows of foreign funds and a strong rupee pushed the indices higher.

The NSE Nifty gained 65.90 points or 0.74 per cent to 8 963.45 points and the BSE Sensex up 215.74 points or 0.75 per cent at 29 048.19 points.

--IANS
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