Global cues, selling pressure subdue Indian equities (Second Lead)

Mumbai March 7 (IANS) Broadly negative global cues and heavy selling pressure witnessed in metal automobile and healthcare stocks subdued the Indian equity markets on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 16.55 points or 0.18 per cent to 8 946.90 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE which opened at 29 092.16 points provisionally closed at 28 999.56 points (at 3.30 p.m.) -- down 48.63 points or 0.17 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 28 957.68 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears -- with 1 649 declines and 1 188 advances.

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 modalities of implementing the Goods and Services Tax (GST).

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

--IANS
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