Negative Global Cues, Disppointing Macro Inflation Data Subdue Equity Indices

Mumbai: Negative global cues, along with disappointing macro-inflation data points and rising crude oil prices subdued the key Indian equity indices during the mid-afternoon trade session on Tuesday.

According to market observers, heavy selling pressure was witnessed in capital goods, oil and gas, banking and IT stocks.

At 1.55 p.m., the barometer 30-scrip Sensitive Index (Sensex), slipped by 27 points or 0.08 per cent.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) dipped by 24 points or 0.23 per cent to 10,200.95 points.

The Sensex of the BSE, which opened at 32,990.03 points, traded at 33,006.73 points (at 1.50 p.m.), lower by 26.83 points or 0.08 per cent from the Monday's close at 33,033.56 points.

The Sensex touched a high of 33,126.55 points and a low of 32,914.42 points during the intra-day trade so far.

"Geo-political tensions in the Middle East, negative Asian and European markets and disappointing WPI data subdued the key domestic indices," Dhruv Desai, Director and Chief Operating Officer of Tradebulls said.