Indian equities pare gains, global cues spook investors (Second Lead)

Mumbai June 13 (IANS) Indian equity markets on Tuesday were pulled lower to provisionally close on a flat note as investors were spooked ahead of the two-day US Federal Reserve s rate-setting meet slated to start later in the evening.

Heavy selling pressure was witnessed in automobile IT and metal stocks.

At 3.30 p.m. the wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 9.50 points or 0.10 per cent to provisionally close at 9 606.90 points.

In contrast the 30-scrip Sensitive Index (Sensex) of the BSE which opened at 31 091.10 points closed at 31 103.49 points -- up a mere 7.79 points or 0.03 per cent from its previous close at 31 095.70 points.

The Sensex touched a high of 31 260.77 points and a low of 31 062.34 points during intra-day trade.

The BSE market breadth was bearish -- with 1 354 declines and 1 320 advances.

--IANS
ppg/vt