Sensex, Nifty Slip on Negative Global Cues  

Mumbai: Indian equity markets were suppressed by negative global cues and a weak rupee on Monday. Consequently, both the key equity indices closed the day’s trade in the red, as heavy selling pressure was witnessed in information technology (IT), technology, media and entertainment (TECK) and automobile stocks.

The wider Nifty edged down 37.75 points or 0.44 per cent to 8,629.15 points.
The market barometer 30-scrip Sensex closed at 27,985.54 points, down 91.46 points or 0.33 per cent from the previous close at 28,077 points.

Opened at 28,088.07 points, Sensex recorded day’s high of 28,143.28 points and low of 27,918.05 points during the intra-day trade.
The BSE market breadth was slightly tilted in favour of the bears with 1,401 declines and 1,287 advances.

On Friday, the benchmark indices had closed flat marginally in the red due to profit booking and negative global cues. The barometer index had receded by 46.44 points or 0.17 per cent, while the NSE Nifty slipped by 6.35 points or 0.07 per cent.

Source: IANS