Global cues, results subdue markets; Sensex down 34 points 

Mumbai, Oct 21 (IANS) Receding Chinese markets, diminishing hopes of a European stimulus package and heightened chances of a US rate hike subdued Indian equities markets on Wednesday.

The negative global cues coupled with caution over the ongoing results season spooked investors leading to a barometer index of the Indian equities markets provisionally closing 34 points down at the end of the day’s trade.

Initially, both the bellwether indices opened higher on the back of better-than-expected quarterly results which were released on Tuesday.

However, both indices ceded their initial gains as investors were seen reluctant to chase higher prices.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) traded flat during the day’s trade. It closed provisionally lower by 13.45 points or 0.16 percent at 8,248.20 points.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE), which opened at 27,312.35 points, provisionally closed at 27,272.78 points (at 3.30 p.m.) — 34.05 points or 0.12 percent lower from its previous close at 27,306.83 points.

The Sensex touched a high of 27,445.24 points and a low of 27,190.55 points during the intra-day trade.

The barometer index closed 58.09 points or 0.21 percent lower on Tuesday, the previous trading session.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here