Subdued global cues dent equity markets

Subdued global cues dent equity markets

Mumbai, June 28 (IANS) Subdued global cues, along with foreign fund outflows, depressed the Indian equity markets on Tuesday.

Consequently, the key indices traded flat — marginally in the green, during the early morning session.

Heavy selling pressure was witnessed in information technology (IT) and technology, entertainment and media (TECK) stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained a paltry 14.45 points or 0.18 per cent, at 8,104.15 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,410.66 points, traded at 26,452.78 points (9.30 a.m.) — up 49.82 points or 0.19 per cent from the previous close at 26,402.96 points.

The Sensex has so far touched a high of 26,469.64 points and a low of 26,378.46 points during the intra-day trade.

In contrast, the BSE market breadth was skewed in favour of the bulls — with 1,128 advances and 331 declines.

On Monday, the key indices ended on a flat note due to profit booking and global uncertainty which emanated out of Britain’s decision last week to exit from the European Union (Brexit).

The barometer index inched up by 5.25 points or 0.02 per cent, while the NSE Nifty ended marginally in the green with gains of 6.10 points, or 0.08 per cent.

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