Negative global cues subdue Indian equity markets

Mumbai, May 10 (IANS) Negative global cues, coupled with profit booking, subdued the Indian equity markets on Tuesday.

Consequently, both the key indices of the Indian equity markets traded flat — marginally in the green.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 1.45 points, or 0.02 percent, at 7,867.50 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,682.98 points, traded at 25,712.70 points (1.45 p.m.) — up 23.84 points or 0.09 percent from the previous close at 25,688.86 points.

The Sensex has so far touched a high of 25,787.94 points and a low of 25,614.24 points during the intra-day trade.

The BSE market breadth was marginally tilted in favour of the bulls — with 1,229 advances and 1,190 declines.

Both the key Indian indices had made substantial gains during the previous trade session on Monday.

The barometer index had risen by 460.36 points or 1.82 percent, while the NSE Nifty had closed higher by 132.60 points or 1.71 percent.

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