Equities slip on global cues, jittery ahead of GST execution (Second Lead)

Mumbai June 28 (IANS) With the country s biggest indirect tax reform -- Goods and Services Tax (GST) -- just around the corner and derivatives expiry a day away the Indian equity markets were pulled lower on Wednesday.

Besides investors sentiments were dampened by negative global cues weak rupee and heavy selling pressure in consumer durables oil and gas and FMCG stocks.

The wider Nifty of the National Stock Exchange (NSE) fell by 20.15 points or 0.21 per cent to provisionally close at 9 491.25 points (at 3.30 p.m.).

The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 30 988.87 points closed at 30 834.32 points -- down 123.93 points or 0.40 per cent from its previous close at 30 958.25 points.

The Sensex touched a high of 31 000.48 points and a low of 30 798.70 points during intra-day trade.

The BSE market breadth was bearish -- with 1 331 declines and 1 287 advances.

--IANS
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